Ripple smashed through the 200 day ma but we need to see if it retests it and confirms it as a support.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Note
Ripple was rejected by the 200 day ma. It is again trying to attack it but it needs to get above the line and confirm it as a support.Note
RSI has some space to move but it is likely to reach the overbought levels when XRP reaches/crosses the 200 d ma.Note
The best case scenario for bulls is to move XRP above the 200 day ma and then consolidate it ABOVE the ma for a few days to bring RSI down to neutral levels before the next leg up.Note
Bulls attacked the 200 d ma again but XRP is still below the ma. RSI has some space to move though not too much. Critical time!Note
Still trading below the 200 d moving averageNote
There you go!PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.