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XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
2
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout. Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above. In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
SLong
by PreferredStonk
OMG- Semi-bullish zoneI expect near-term consolidation as there are some short-term resistance lvls that need to be cleared. Looking for momentum and volatility to pick up soon. Steady uptrend and the cluster of technical supports below current price lvl indicate that OMG is one breakout away from turning fully bullish. If BTC retraces again, it will be a perfect opportunity to accumulate some OMGS. Scale in slowly if you intend to market buy. Just my two cents. Not investment advice.
KRAKEN:OMGUSDLong
by Libratus
1
ETHEREUM EXPECTED TO BOUNCE BACK TO $568I believe the bottom is in for the correction that caused ETH to drop 22% In price. we shall start seeing the over sold bounce play on the the higher time frames. We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29. 21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this bullish rally which will complete somewhere between the 50 and .618 FIB Level.
BITFINEX:ETHUSDLong
by CryptoWhaleTrading
ZEC Falling Wedge Breakout Soon To Be Decided Big falling wedge pattern in ZEC/USD. $70 is key support level. Price briefly tested this area recently. Would make a great base for a huge leg up. In order to confirm breakout of the falling wedge we will need a candle body close above the light grey diagonal resistance line. Look for a retest upon break out but sentiment could switch to bulls quickly. Also we might have a golden cross on the daily candle, after xrp daily candle had a golden cross the following day saw a 50% pump . Interestingly, a 50% pump would take ZEC to the majorly anticipated resistance around $110. Most intraday timeframes are in overbought territory in Stoch RSI . What will ZEC do? (prob 100x in a year like BTC did after its first halving) Not investment advice.
KRAKEN:ZECUSDLong
by MitchMilli
Volume Indicators Masterclass Part 1VOLUME INDICATORS Volume is one piece of information that is often neglected by many market players, especially beginners. However, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. The usage of volume indicators has long been restricted to just the Forex Markets. Thereby in the Volume Indicator Masterclass, we will be looking in-depth for a few volume indicators. Traders often use volume which measures the number of shares traded during a particular time period as a way to assess the significance of changes in a security’s price. Traders rely on it as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target. Volume analysis is a technique used to determine the trades you will make by discovering the relationships between volume and prices. In order words, it shows how many times the security has been bought or sold over a given timeframe. The time frame can be one minute, four hours, one day, or anything. The volume transacted in the given timeframe is represented as a bar, which can be color-coded. The color of the bar shows whether the security’s price closes up or down. A green bar is generally used to show that the security closed higher during the trading session A red bar is used to indicate that the security closed lower The height of the bar shows whether there’s an increase or a decrease in the volume of the security transacted a taller bar shows a higher volume while a shorter bar shows a lower volume. Trend Confirmation : If the volume increase with an increase in price or with a decrease in price, it indicates a strong buying or selling pressure. Trend Non-Confirmation : If the volume decrease with an increase in price or with a decrease in price, it indicates a weak buying or selling pressure. There are various Volume Indicators, out of which we will be discussing the Money Flow Index in this Masterclass. Money Flow Index The Money Flow Index (MFI) is an oscillator that uses both price and volume to measure buying and selling pressure. The indicator is synonymous with “volume-weighted RSI” as it integrates volume and mirrors the relative strength index (RSI) with respect to its mathematical formulation and categorical classification as a momentum oscillator MFI. Calculation of the Money Flow Index: Typical Price: (High + Low + Close) / 3 Money Flow: Typical Price x Volume Positive Money Flow: The Money Flow on days where the Typical Price is greater than the previous day’s Typical Price. Negative Money Flow: The Money Flow on days where the Typical Price is less than the previous day’s Typical Price. Money Flow Ratio: 14-Period Positive Money Flow / 14-Period Negative Money Flow Money Flow Index: 100 Money Flow Ratio / (1 + Money Flow Ratio) Signal Generation BUY When Money Flow Index crosses up 20 i.e. from the oversold region SELL When Money Flow Index crosses down 80 i.e. from the overbought region There a lot of more interesting Volume Indicators that can be used, about which we'll be talking in the next Masterclass of Volume Indicator. STAY TUNED! ---------------------------------------------------------------------------------------- Your questions and comments are most welcome. If you find the post useful, please like, share, and follow to make sure that you get more information once published. - Mudrex
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COINBASE:BTCUSDEducation
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