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If we take a look at the 1H chart, price could be forming a rising channel and/or bear flag formation. Of course these channels could always break up!
15 minute chart we see XRP formed a bear pendant after the drop and still broke up. Afterwards a rising channel formed and we are currently at the end, possibly looking to break up just under $0.25.
1D chart we see RSI printed a higher low thus far with the lower low in price. After reaching the bottom XRP is nearly 6% away from making its 20% retrace like the last drop. MACD is potentially giving us a double bottom scenario and it is technically a bullish divergence - class B - as long as we don't make any more lows.
4H chart rising support over a flat resistance. Volume is coming down, we will need to see positive momentum picking up to the moves mapped out here.
I Hope You Are All doing well!
Thank you for checking out my analysis!
If we take a look at the 1H chart, price could be forming a rising channel and/or bear flag formation. Of course these channels could always break up!
15 minute chart we see XRP formed a bear pendant after the drop and still broke up. Afterwards a rising channel formed and we are currently at the end, possibly looking to break up just under $0.25.
1D chart we see RSI printed a higher low thus far with the lower low in price. After reaching the bottom XRP is nearly 6% away from making its 20% retrace like the last drop. MACD is potentially giving us a double bottom scenario and it is technically a bullish divergence - class B - as long as we don't make any more lows.
4H chart rising support over a flat resistance. Volume is coming down, we will need to see positive momentum picking up to the moves mapped out here.
Catatan
extending the bottom support, , we could see another drop be held up by $.018. This would be the absolute last point for a bullish scenario.
Catatan
Catatan
Does XRP need another low? Or will BTC's Potential Bullish Divergence be enough to say no?
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.