Chart asked from a VIP member
what happened with ripple?
DEATH CROSS in 20th JAN.
what its this?
"A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level ."
Its a SELL signal, since DEATH CROSS XRP down 65% in value!
But here we can se a reversal and XRP up 87% from last BIG swing low, and now its fighting against the old uptrend line.
what its important now?
Price its fighting against uptrend and if price win and still above uptrend line we will se a GOLDEN CROSS, its the inverse of DEATH CROSS (when the short term moving average cross up the long term moving average)
IF price go under uptrend line our last support its in 0.78 fib level
Follow me here
t.me/cryptoricksignals
twitter.com/Cryptorick442
what happened with ripple?
DEATH CROSS in 20th JAN.
what its this?
"A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level ."
Its a SELL signal, since DEATH CROSS XRP down 65% in value!
But here we can se a reversal and XRP up 87% from last BIG swing low, and now its fighting against the old uptrend line.
what its important now?
Price its fighting against uptrend and if price win and still above uptrend line we will se a GOLDEN CROSS, its the inverse of DEATH CROSS (when the short term moving average cross up the long term moving average)
IF price go under uptrend line our last support its in 0.78 fib level
Follow me here
t.me/cryptoricksignals
twitter.com/Cryptorick442
Note
Golden cross did not happened still above uptrend line and its standing at last support 0.78 fib level just like posted!<!-- TradingView Chart BEGIN -->
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<p><a href="tradingview.com/chart/XRPUSDT/uU8k5W1x-XRP-USDT/">XRP _ USDT</a> by <a href="tradingview.com/u/CryptoRICK442/">CryptoRICK442</a> on <a href="tradingview.com/">TradingView.com</a></p>
<!-- TradingView Chart END -->
Note
Golden cross did not happened still above uptrend line and its standing at last support 0.78 fib level just like posted! But MA50 and MA200 still together and we are consolidating well in this support we can see a golden cross and a good reversal soon.
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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.
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.