XRP Up for now.
Actualizado
Ok so we hit the correction perfectly as per my previous analysis here
We then saw a really nice bounce upwards to the top of the channel and currently above it with the Ichimoku providing some resistance at previous support levels.
We should come down and test the channel and then (if held) move up to 2.01 area if we can finally clear that supply area just above 1.81. Volumes are decent and if they can build will definitely support this move. RSI is good at above 50. ADX about to cross and MACD crossed and in an upward move (although still under the signal line.
So if it closes above the top of the channel and retests successfully I'm long. If we close below it and cannot surpass it again in the next two hours I am afraid we are going down especially if volume drops.
Let's see.
Any constructive crit is welcome, I am no expert so this is not financial advice. Do your own analysis.
We then saw a really nice bounce upwards to the top of the channel and currently above it with the Ichimoku providing some resistance at previous support levels.
We should come down and test the channel and then (if held) move up to 2.01 area if we can finally clear that supply area just above 1.81. Volumes are decent and if they can build will definitely support this move. RSI is good at above 50. ADX about to cross and MACD crossed and in an upward move (although still under the signal line.
So if it closes above the top of the channel and retests successfully I'm long. If we close below it and cannot surpass it again in the next two hours I am afraid we are going down especially if volume drops.
Let's see.
Any constructive crit is welcome, I am no expert so this is not financial advice. Do your own analysis.
Nota
The retest was unsuccessful and we are now trailing the top of the downward channel with volumes dwindling. 100MA crossed over the 20 which is bearish.The RSI facing downward and the MACD is still below the signal line which is also not great signals.
Currently, we are hovering above the Bollinger band middle line between the Ichimoku base and conversion lines.
For this to go up we need to break upwards to above the top of the channel with volume and close above. Possible retest and then, if successful move upward.
Otherwise, we will move down to the demand area around 1.5 and if that does not hold we may go all the way down to 1.3 at th bottom of the channel.
For now, it's wait and see.
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