XRPUST.P trade ideas
XRPUSDT 4h. Falling wedge and rsi divergence.XRPUSDT Graph 4h.
Reason and Confluences:
1.Equal Rsi divergence on the both time frame daily and 4h.
2.there's a clean falling wedge pattern.
3.following double bottom.
interesting to see If and Then scenario how will it work out.
Fear stands for - False Evidence Appearing Real.
#XRPUSDT #cryptocurrency #TradingView @in_tradingview
Technical Analysis of XRP - 25th February 2019XRP is going to test its previous lows which is an area of major support.
This level was reached two times in the previous months.
This level was formed on the second week of December 2018 and was tested initially on last week on January 2019.
If this support couldn't hold then the market will further go down to the support formed on the second week of August 2018 and tested initially on the second week of September 2018.
The market is then going to be long after this and will approach a resistance zone at around 50-day moving average. If the resistance couldn't hold then the trend will go up to the 100-day moving average or even the 200-day moving average.
xrp 21 percent bearish trend upcoming oscillators macd above 80 ready for the drop and its had a breakout of the 100 fibonaci retract=ment level so bears are ready for a game after the bulls wipe the plug out .at writing this post ripple has crossed eth with xrp at 22.2 billion and eth at 22 billion so lets wait for a confirmation for this trade to initiate
ripple negative prekout formation GOOD SHORT triangular formation with increasing higher lowes increases the chances of a negative breakout just a possible analisis if it take the other direction you can hope for something approximately around a dollar but wait for the conformation if its a breakout up or down have a nice day