Good Day traders, here we see a possible inverted H&S forming and the MACD going higher with the price going lower. Last time this happened we went the other direction. Good luck
So we have eventually dropped but according to macd momentum is still up, also the blue line acting as strong support could see xrp rocket up. Lets hope it holds.
So XRP is showing a convergence in the MACD and RSI on 4h chart. As we can see the price is going nowhere while these two indicators is showing upward momentum. This shows that the price will go bullish soon. The other factor to keep in mind is the strong resistance shown by the 50 MA, if we can break this resistance we will be going up. Good Luck
Good day Traders As you can see we have been forming a descending triangle on the 4H chart and atm it looks like we are going to break to the downside. If this happens we are targeting around 0.80. Happy trading
Good day traders. It seems that we are forming a H&S formation on the 4h chart, another signal will be the divergence in the MACD. We could possibly see another dip. Good luck #Justmyopinion
We may see another break to the upside if we look at the red triangles, Friday we broke to the topside of the ascending triangle maybe this will happen again.
So the market has bounced back after a big fall, Ripple has been struggling to break the blue resistance whole day long and has now followed the trend down the last couple of hours. If it continues down we can see a double bottom or a new low, if not and it breaks the blue resistance line then we are probably back in the bull market.
I have been enjoying the pump of XRP but have been keeping my eye on the RSI that is over bought and the divergence with the price. If today's candle ends around $1.8 then we can see the correction happening. I do not think we will go below $1 but it could happen, my levels will be between $1.20 - $1 where it will find support and continue the trend. At these...
So a few days back I had an idea about DXY entering the cloud and what might happen, it seems now that we have broken the cloud and DXY may be going down more. If we look at fib retrace after this long climb and target the 38.2% level, there will be a big fall. Here we need to have a look at the 26 lagging line from the ichimoku, if this follows in to the cloud...
With today's rally we see a divergence in macd in 30 min and 1h charts, I would suggest a sell here and target 1206 or even lower. I would also suggest closing this trade before tomorrows news events in the NY session.
This blue line is holding it seems for now, if it is broken at about 1205 -1206 then we can go long and 1222 -1223 will be big resistance. If we can break 1196 - 1195 and then 1192 level we can go short. Also if 1205 is rejected we can go short and target 1196.
This strategy involves using the trading sessions of all the markets. I created this because the NY and London sessions are more volatile and you then make more losses when making the wrong call. Here are the steps to this strategy. 1. Find an indicator to show the trading sessions. 2. Trades on this strategy must be opened between 30min to an hour before close of...
With the DXY entering the clouds and MACD showing divergence will we see a further drop in DXY? I will be looking for the price to break the bottom of the cloud then go short or it could bounce back up from the cloud.
After my first call to short around 1200 gold has gone down $17, it now has retraced and here we have another good entry point to short at 1196 -1193 depending where you get in. Keeping my short from 1200 open for now.
Our first signal will be the 96 mva crossing the 192 mva, and then we want to see another candle close below the ichimoku cloud. Then we need to find a nice entry point, maybe 1200. Also our MACD is crossing the zero line downwards.
A close above the cloud will see me go long. But if price comes back down and breaks the Kijun line under the cloud I would go short.
Now that the 96mva crossed the 192mva it is a better signal for n short entry, I entered at just over 1205, I think one can still enter or put an order in if it should go lower at 1201. Also my RSI and MACD is showing downward. I will be having an order in at 1209 if this should continue upward. Good Luck