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AlanSantana
Dec 31, 2019 11:45 PM

Ripple Slowly Creeping Above Resistance  Long

BINANCE:XRPBTC1D
XRP / BitcoinBinance

Description

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Ripple (XRPBTC) is moving slowly printing 4 consecutive green candles to break above EMA10. This type of action can lead to a strong move.

Take a look at the left side of the chart, the yellow circle with the "1" in it.
After XRPBTC moved above EMA10, a strong move followed, we can have a similar scenario develop here and see "2" happen.

  • The MACD is showing a young bullish cross while the histogram is turning green.
  • There's hidden bullish divergence with the RSI.
  • The STOCH is oversold and curving up.


The altcoins market is going to have a really great start in the year 2020.

Wishing you the best in this new year, 2020, and beyond.

Thanks a lot for your continued support throughout the years.

I am always very grateful.

Thanks again!

Namaste.

Comment

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Going as planned... ENJOY THE PROFITS.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisalanmastersrippleXRPBTCxrpaltcoinscryptobinancebittrexalanmasterstrades
Comments
Keyser33
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Thank you for your insights master Alan! I’m hoping this xrp bet is worth it thank you again master!
Namaste!
AlanSantana
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@Keyser33, So far is going as planned.
rigosbox
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No volume to be seen.
AlanSantana
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@rigosbox, Coming in now...
UnknownUnicorn6061584
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my opposite view on ripple
it shows very weak growth and there is a good chance we see rejection from resistance
AlanSantana
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@david_smith, Add some indicators to your chart, they can help you better determine the support and resistance levels...
BlockNewsMedia
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I actually see the opposite, down to .10 we go over the 1st qtr 2020, then slowly up
AlanSantana
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@BlockNewsMedia, Can surely drop but the cycles are telling me otherwise... We will see how it goes.

Happy, Healthy and Wealthy 2020 and beyond.

Namaste.
BlockNewsMedia
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@alanmasters, Yes, as always, appreciate the insights, and time always tells the truth (in charts-haha)
AlanSantana
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@BlockNewsMedia, :)
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