xrp on the important daily chart
Hi guys its been awhile since I've charted but interestingly enough I am back. Taking a look at xrp/usdt on the daily chart we first need to identify a few things
1. are we still in a downtrend? Well on the daily chart we see xrp making lower lows and higher highs with 3 days of very bullish candle sticks
2. take a look at the current price we are at now which has pierced the 50 day moving average and take a look how this price served as support then resistance back in September. If we can close above this 50 day moving average on the daily charts today I will be bullish on xrp.
3. Third thing guys is take a look at the fib retracement, the 50 day average is sitting right at .5 a common mark for the fib signals to follow.
Let me be honest, I am staying neutral until the day closes because this bear market has been, well lets be honest, its been a bitch! good luck to all
1. are we still in a downtrend? Well on the daily chart we see xrp making lower lows and higher highs with 3 days of very bullish candle sticks
2. take a look at the current price we are at now which has pierced the 50 day moving average and take a look how this price served as support then resistance back in September. If we can close above this 50 day moving average on the daily charts today I will be bullish on xrp.
3. Third thing guys is take a look at the fib retracement, the 50 day average is sitting right at .5 a common mark for the fib signals to follow.
Let me be honest, I am staying neutral until the day closes because this bear market has been, well lets be honest, its been a bitch! good luck to all
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