On the trending 1 day chart, the recent btc events sent xrp crashing through the simple moving average into the bottom channel of the bollinger / keltner.
Upon evaluating the rebound, xrp has made some significant gains (like the rest of the alt market). That being said, the 1 hour signal chart has price dangling well above cloud.
Due to the current downtrend in xrp, I believe this is a good combination to conclude this as - not the bottom - and I will be waiting to enter xrp for a short term long position.
Waiting to see interaction within the bottom channel. Will look for a strong buy signal in the 1 hour chart.
Upon evaluating the rebound, xrp has made some significant gains (like the rest of the alt market). That being said, the 1 hour signal chart has price dangling well above cloud.
Due to the current downtrend in xrp, I believe this is a good combination to conclude this as - not the bottom - and I will be waiting to enter xrp for a short term long position.
Waiting to see interaction within the bottom channel. Will look for a strong buy signal in the 1 hour chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.