Hey,
This is my first public TA, but as I was reading the bullish news saying that XRP might experience a 12% bounce in March, I felt the need to share my view in order to know your opinion.
Green circles : 20MA crossing up 50 MA
Yellow circles : 50 MA crossing up 100 MA
Orange circles : 50 MA crossing up 100 MA
My conclusion is that a bullish cross of any MA doesn't mean that much. Maybe a small bounce and the a drop. Look at points 1, 2 , 3 .... At this point, is a drop coming?
Looking at daily RSI or stochastic, doesn't seem that bullish to me ...
Regarding the heavy resistance ahead, I believe that there is more chances that we drop than we bounce.
Please let me know what do you think about it?
Have a great day
This is my first public TA, but as I was reading the bullish news saying that XRP might experience a 12% bounce in March, I felt the need to share my view in order to know your opinion.
Green circles : 20MA crossing up 50 MA
Yellow circles : 50 MA crossing up 100 MA
Orange circles : 50 MA crossing up 100 MA
My conclusion is that a bullish cross of any MA doesn't mean that much. Maybe a small bounce and the a drop. Look at points 1, 2 , 3 .... At this point, is a drop coming?
Looking at daily RSI or stochastic, doesn't seem that bullish to me ...
Regarding the heavy resistance ahead, I believe that there is more chances that we drop than we bounce.
Please let me know what do you think about it?
Have a great day
Nota
Looking at the weekly Stochastic, it seems that we have reached the main resistance that had been pushing down XRP for more than 441 days.
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.