XRP-Bullish regular RSi divergence.
Updated
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My analysis is not an investment advice, it is just my observation about the present state.
Im in GMT+2
In this analysis i will talk about the XRPUSDT in 4h Time frame( I only talk about the things that can be explicitly see from my chart).
At first if we go back in time a little, on the 22rd june, a bearish regular RSI divergence appeared in the 4h chart. This situation results a bearish swing, which is not dissapeared from now too, but it may reached its strongest support on 5th of june, and now i see bullish patterns. We need to take seriously the RSI divergences, because that regular bearish RSI divergence cause a 26 % price drop in 12 days.
on 5th of June a BULLIS regular RSI divergence appeared, it is smaller than the beares before, but it have strong appeance. This divergence will cause increase in price.
On the other hand there is the ichomoku cloud and the lines. IF the base line ( red ) will crossed by the conversion line ( blue ) it also cause price increase.
Moreover the appereance of the GOLDEN CROSS is near, the 50 EMA and the 200 EMA is close to each other, and fortunately the 50 EMA is under the 200 EMA.
In my way of thinking, XRP will reach a level around 0,42USDT , there are a strong resistance ( 200 EMA line around tehre, Leading span B (the bottom of the ICHIMOKU CLOUD) and the FIB RETRACEMENT 0.380 line is near. ) from that level it will be a little consolidation, but the price will go through it and cant stop until the top of the ICHIMOKU CLOUD and the FIB RETRACEMENT 0.618 line )
This was my observation about the current market price of the XRPUSDT.
I hope I did not only talking wrong things.
Thank you for reading.
-A beginner trader
My analysis is not an investment advice, it is just my observation about the present state.
Im in GMT+2
In this analysis i will talk about the XRPUSDT in 4h Time frame( I only talk about the things that can be explicitly see from my chart).
At first if we go back in time a little, on the 22rd june, a bearish regular RSI divergence appeared in the 4h chart. This situation results a bearish swing, which is not dissapeared from now too, but it may reached its strongest support on 5th of june, and now i see bullish patterns. We need to take seriously the RSI divergences, because that regular bearish RSI divergence cause a 26 % price drop in 12 days.
on 5th of June a BULLIS regular RSI divergence appeared, it is smaller than the beares before, but it have strong appeance. This divergence will cause increase in price.
On the other hand there is the ichomoku cloud and the lines. IF the base line ( red ) will crossed by the conversion line ( blue ) it also cause price increase.
Moreover the appereance of the GOLDEN CROSS is near, the 50 EMA and the 200 EMA is close to each other, and fortunately the 50 EMA is under the 200 EMA.
In my way of thinking, XRP will reach a level around 0,42USDT , there are a strong resistance ( 200 EMA line around tehre, Leading span B (the bottom of the ICHIMOKU CLOUD) and the FIB RETRACEMENT 0.380 line is near. ) from that level it will be a little consolidation, but the price will go through it and cant stop until the top of the ICHIMOKU CLOUD and the FIB RETRACEMENT 0.618 line )
This was my observation about the current market price of the XRPUSDT.
I hope I did not only talking wrong things.
Thank you for reading.
-A beginner trader
Note
Still waiting for the conversion line to cross the base line (light blue to cross cherry red) I bought at 0.398, take profit inside the green rectangular.
best wishes.
Trade active
Now we break out from the triangle. The first stop will be at the .236 fib level ( there the price may wait a bit.) In 1h chart, the ichimoku conversion line succesfully crossed the base line which is a strong bullish signal. Furthermore, the price goes above the ichimoku cloud, it is a bullish signal too, and the 50 ema is close to the 200 ema, the Golden Cross.
Wait for it.
Note
Lets have a look at the 1H chart, the golden cross is almost appears..Note
The 1h golden cross cause few percent increase, crossed the 236 fibonacci line.Now in the 4h the conversion line will cross the base line..
Trade closed manually
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