MACD getting ready to launch to the moon
If the breakout isn't this hour, it'll come soon. Has been testing top trend for a while now, is going to break sooner rather than later. It'll cross 50day EMA aswell then and MACD facing up.
Just a speculation of what could happen.
Has tested it recistance a few times already. May be going up and down few times before breaking out.
I'd say now is a potential buy zone. Looking for a break through recistance.
RSI oversold and MACD closing in. First time we saw a bounce a little under the blue line, second time on the blue line and potentially this time too. Volume is missing though.
I'd say if it holds the support this speaks for itself
Volume is still missing, because of this the trend might not hold. It had a small dip but bounced of the fib line back above trend. It's struggling to keep the trend but if we do we might see a similar leg up like several times before. If it's able to close above the 50 day EMA we could say that would be a good start.
There are 3 possible outcomes, but I think shooting up for another leg is the one the least likely. Crossing recistance puts XRP above 50 day EMA which would be a could sign. It might lean more towards sideways or downwards movement because the lack of volume. This doesn't mean going north is not an option, volume can always spike right back up!
MACD closing, this is a potential trajectory for the next month or so.
Closing in to the end of the triangle. If we break up past the recistance we'll also break through 50 day EMA, which is a good sign. If we break down the support we may see it some lower price levels.
This trend/recistance has been respected for a few times already, but so is the support. I feel like we might just break the recistance and go side ways for a while (volume pretty low) or go up!
We passed red trend, if it's able to hold this one we'll be heading towards yellow trend. This puts us above 50-day EMA which could mean we are heading for a bullish movement. If we pass green trend I'm pretty sure we could see a continuation upwards.
Volume seems to be missing, nearing support. Image speaks for itself, if we're able to hold support we'll go for our next leg up, if it's not able to hold the support we may see it dropping to 9k.
Blue line already got tested twice. Black line is another support. I think we're definitly in a buy zone.
I think CDT will go towards the yellow box, and bounce back up like you can see with the pink lines on MACD on the previous dips. It'll test the recistance and might not break through. If it does, great, if it doesn't it will test the support again to try for it's last leg up. It will most probably break the recistance then. BUT in the case that it doesn't break...
Yellow box will be one of the last times to buy CDT around that price level. I feel like CDT will break the recistance upwards in the next two weeks. The recistance has been tested several times and with the corner nearing the next recistance test might break it. Good luck and do your own research!