Ripple (XRP/BTC) - Difficult for bull run right now
Actualizado
Hi every one, XRP are in short term downtrend at right now.
We will consider some criteria in below:
First is 3 WMA : WMA 14 ; WMA 49 and WMA 105. Why is WMA ? Because WMA also declare about volume of XRP.
When WMA 14 cross down WMA 49 (short term line crossed below middle term line ) show for us the downtrend just occur in short term
When WMA 14 cross down WMA 105 ( short term line crossed below long term line ) show for us the downtrend will happen in middle term
And finally in recent time we see WMA 49 cross down WMA 105 ( middle term line crossed below long term line ) declare a downtrend will happen in long term.
And the horizontal line built by the point which is crossed by WMA 49 and WMA 105 will be the very strong resistance for XRP in next time.
Look at the Ichimoku Cloud we can clearly see the resistance zone is big.
XRP is in downtrend parallel channel and building Bearish Flag pattern right now.
DMI 4c has higher red column and ADX over 20 reveal the Bear is stronger than Bull right now.
RSI also in downtrend pattern and it is not break up so we are continuing in downtrend for next time.
MACD show uptrend in short term but we are totally in strong downtrend.
Conclusion : In next time I think Ripple need correction down before next bull run, it is difficult for XRP has another bull run without more correction.
We will consider some criteria in below:
First is 3 WMA : WMA 14 ; WMA 49 and WMA 105. Why is WMA ? Because WMA also declare about volume of XRP.
When WMA 14 cross down WMA 49 (short term line crossed below middle term line ) show for us the downtrend just occur in short term
When WMA 14 cross down WMA 105 ( short term line crossed below long term line ) show for us the downtrend will happen in middle term
And finally in recent time we see WMA 49 cross down WMA 105 ( middle term line crossed below long term line ) declare a downtrend will happen in long term.
And the horizontal line built by the point which is crossed by WMA 49 and WMA 105 will be the very strong resistance for XRP in next time.
Look at the Ichimoku Cloud we can clearly see the resistance zone is big.
XRP is in downtrend parallel channel and building Bearish Flag pattern right now.
DMI 4c has higher red column and ADX over 20 reveal the Bear is stronger than Bull right now.
RSI also in downtrend pattern and it is not break up so we are continuing in downtrend for next time.
MACD show uptrend in short term but we are totally in strong downtrend.
Conclusion : In next time I think Ripple need correction down before next bull run, it is difficult for XRP has another bull run without more correction.
Comentarios
Update XRP/USDT
Comentarios
XRP MULTIPLE TIME FRAME ANALYSIS
Comentarios
XRP break Bear Flag pattern and break support line success !Comentarios
XRP/USDT update
Comentarios
BITCOIN AFTER USDT FUD NEW - EDUCATIONAL
Comentarios
Update
Comentarios
Ripple (XRP/BTC) - ABCD Pattern
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.