This analysis is meant to illustrate the accumulation post the August 18th selling climax and automatic rally establishing support and resistance zones.
Wyckoff Re-Accumulation:
- Phase A & B sideways move lasted for about 13 days, with one retest of support.
- Phase C retest springs followed with sideways movement and a test and kickstart of a trend reversal.
- Phase D upwards channel is tightly traded
- Phase E missing, awaiting signs of strength: push beyond resistance
Additional Indicator Analysis:
- RSI has not reached oversold territories and has some upwards potential of a structure breakout, or accumulation at resistance levels.
- MACD has a golden cross within the next couple days, last dead cross appeared 14 days ago,
XRPUSDT
Wyckoff Re-Accumulation:
- Phase A & B sideways move lasted for about 13 days, with one retest of support.
- Phase C retest springs followed with sideways movement and a test and kickstart of a trend reversal.
- Phase D upwards channel is tightly traded
- Phase E missing, awaiting signs of strength: push beyond resistance
Additional Indicator Analysis:
- RSI has not reached oversold territories and has some upwards potential of a structure breakout, or accumulation at resistance levels.
- MACD has a golden cross within the next couple days, last dead cross appeared 14 days ago,
XRPUSDT
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.