Hello Traders,
Today's chart will be on XRP's current price action,
Points to consider
- Overall trend is bearish
- Major structural support broken
- RSI coming out of oversold conditions
- Both EMA's acting as resistance
- Below average volume
- Potential bullish divergence
- VPVR showing low volume of transaction at current area and resistance
The probability of XRP to have a bounce from this area is more favorable as we can see a potential bullish divergence forming, where the RSI is putting in higher highs and the price is putting in lower highs. It is noticeable that the price action is leaning into a wedge formation, with support (green zone) being in confluence helps with the bounce. The current volume is below average and tapering of rapidly which signify a move is about to happen in the near future...
what are your thoughts ? please leave a like and comment
and remember,
"Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment''' - Joe Vidich
Today's chart will be on XRP's current price action,
Points to consider
- Overall trend is bearish
- Major structural support broken
- RSI coming out of oversold conditions
- Both EMA's acting as resistance
- Below average volume
- Potential bullish divergence
- VPVR showing low volume of transaction at current area and resistance
The probability of XRP to have a bounce from this area is more favorable as we can see a potential bullish divergence forming, where the RSI is putting in higher highs and the price is putting in lower highs. It is noticeable that the price action is leaning into a wedge formation, with support (green zone) being in confluence helps with the bounce. The current volume is below average and tapering of rapidly which signify a move is about to happen in the near future...
what are your thoughts ? please leave a like and comment
and remember,
"Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment''' - Joe Vidich
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.