XRPUSDT ( BETWEEN RESISTANCE AND SUPPORT TRENDLINE ) ( 4H )XRPUSDT
HELLO TRADERS
Tendency the price trade below a resistance trendline , indicates the price is under bearish pressure
TREND ANALYSIS : resistance trendline was strong not easy to breakout , the price trade below this line to reach a support level
TURNING LEVEL : a black line around 0.46 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 0.49 , indicates selling have already increase this level , so if the price breaking above turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 0.43 , indicates buying have already increase this level , so if the price stabilizing below turning level reach this level
PRICE MOVEMENT : as long as the price trade below turning level at 0.46 , reach a support level at 0.44 , then stable below this level reach a 0.43 , if the price breaking turning level reach a resistance level at o.48 , then stable above this level touch a 0.49
CORRECTIVE LEVEL : the price corrective turning level at 0.46 , before dropping
TARGET LEVEL :
RESISTANCE LEVEL : 0.47, 0.48
SUPPORT LEVEL : 0.44 , 0.43
XRPTRY
XRP is about to break the long-timed pattern, pump is on the wayin adaily chart as you can see it is stuck in the edge of the triangle, it is gonna break it.
For now it has more potential to break upward than downward.
IF it breaks up it will have 2 resistance where you can slightly take some portion of your profit.
First stage is 11%
2nd stage would be more profitable approx. 33%.
Bollinger Bands is also stuck, so it support the way where XRP might go
RSI is high but could be higher with the pump :))
Good Luck
NOT FINANCIAL ADVISE just educational purpose
XRP LAST STEPS FROM MOON.XRP has a bullish structure. We are accumelating at this point. This can take a Little bit more time.
If you look at the xrp.d (dominance) chart, you can also see Some intresting facts.
Look at 20-50ma on monthly chart, cross-over coming soon. Mostly time, the big move starts before the cross-over.
Another intresting fact is that we are on daily and weekly chart above the cloud. Look at the ichimoku cloud on monthly chart.
If we go above(close) the cloud, we will moon.
RSI is not even close to its old high levels. We are at 70rsi now, look back when we hit 95 levels.
I Think we will moon hard this month..
This is not an investment advice.
XRP weekly Cross-over 50-200MAUntill now we already had a crossover from daily and 3days timeframe which gave us beatifull prices for XRP.
If you look at the chart now, you will see a 50-200MA crossover coming for the first time in history!
That means that we will see (in the next few weeks) way higher prices then the last all time high.
Good luck everyone and smash up the like button!!
This is not an investment advice.