XRP/BTC On Binance: Upcoming Breakout
Curious about what everyone thinks about this as well as my analysis...
After predicting the potential for a breakout, looking into indicators to try and get a sense for the direction as the wedge is rather a toss-up:
After predicting the potential for a breakout, looking into indicators to try and get a sense for the direction as the wedge is rather a toss-up:
- RSI
- Showing very low on the 4hr, and Daily nearing a 50-cross... this tells me it looks like an upward break, which will bounce the daily back up (will not pull it into a downward cross).
Averages Analysis - 21, 50, 100 EMA and 200 SMA analysis: Crosses have occurred, showing negative trend forming, or at least for the time being. Since it's channeling it's tough to say.
MACD - Showing potential for a cross back upwards on the 1hr, and a decent negative trend already crossed 12hrs back.
Momentum - (I use TTM Squeeze) is showing we are in a squeeze on both the 1hr and 4hr chart. Momentum looks like it may be recovering enough to push a MACD crossover on the 1hr, but on the 4hr it looks like momementum is still pushing strongly negative.
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.