XRPBTC 12% bounce? Not that sure ...
Aggiornato
Hey,
This is my first public TA, but as I was reading the bullish news saying that XRP might experience a 12% bounce in March, I felt the need to share my view in order to know your opinion.
Green circles : 20MA crossing up 50 MA
Yellow circles : 50 MA crossing up 100 MA
Orange circles : 50 MA crossing up 100 MA
My conclusion is that a bullish cross of any MA doesn't mean that much. Maybe a small bounce and the a drop. Look at points 1, 2 , 3 .... At this point, is a drop coming?
Looking at daily RSI or stochastic, doesn't seem that bullish to me ...
Regarding the heavy resistance ahead, I believe that there is more chances that we drop than we bounce.
Please let me know what do you think about it?
Have a great day
This is my first public TA, but as I was reading the bullish news saying that XRP might experience a 12% bounce in March, I felt the need to share my view in order to know your opinion.
Green circles : 20MA crossing up 50 MA
Yellow circles : 50 MA crossing up 100 MA
Orange circles : 50 MA crossing up 100 MA
My conclusion is that a bullish cross of any MA doesn't mean that much. Maybe a small bounce and the a drop. Look at points 1, 2 , 3 .... At this point, is a drop coming?
Looking at daily RSI or stochastic, doesn't seem that bullish to me ...
Regarding the heavy resistance ahead, I believe that there is more chances that we drop than we bounce.
Please let me know what do you think about it?
Have a great day
Commento
Looking at the weekly Stochastic, it seems that we have reached the main resistance that had been pushing down XRP for more than 441 days.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.