Hi,
In front of you the 4hr chart of XRP, I'm using some indicators: MACD, RSI, MA200 and support & resistance lines (actually a multi-indicator)
Bullish scenario with arguments / conditions
- Right now xrp is in a triangle with a 80% chance breaking up.
- RSI is showing bullish divergence (also on daily chart)
- Macd is building bullish move
- If it breaks up possible ma200 will be broken also what means very bullish signal and break up big
Bearish scenario with arguments / conditions
- Despite triangle is bullish there is a ma200 above what is very strong so when touched will be big down
- MA200 is one support bug there is also a big horizontal support near ma 200 so it's very hard to break for bulls
- BTC is weak, BAKKT entree was a disappointment with that low volume.
If you ask what my opinion is, I'm neutral / bearish for XRP the space is not very positive.
Thanks for reading this and I appreciate a like.
In front of you the 4hr chart of XRP, I'm using some indicators: MACD, RSI, MA200 and support & resistance lines (actually a multi-indicator)
Bullish scenario with arguments / conditions
- Right now xrp is in a triangle with a 80% chance breaking up.
- RSI is showing bullish divergence (also on daily chart)
- Macd is building bullish move
- If it breaks up possible ma200 will be broken also what means very bullish signal and break up big
Bearish scenario with arguments / conditions
- Despite triangle is bullish there is a ma200 above what is very strong so when touched will be big down
- MA200 is one support bug there is also a big horizontal support near ma 200 so it's very hard to break for bulls
- BTC is weak, BAKKT entree was a disappointment with that low volume.
If you ask what my opinion is, I'm neutral / bearish for XRP the space is not very positive.
Thanks for reading this and I appreciate a like.
