Can we take a push or a dump further? I am still bullish!
So, lets have a look at our baby XRP again.
We have managed to stay at the upper trendline with the Daily candle - check!
RSI is oversold, especially on UNDER the Daily timeframe. On the Daily RSI is on a neutral level (slightly oversold).
On the 4h 21EMA is crossing 50EMA to the downside, what means, that we could still try to test the trendline at araound 0.363$.
Overall I think that we are on a good way to prepping XRP for an bullish outcome.
Lets hope that we can close the weekly candle way up higher than now, so that we don't get a bearish engulfing pattern on the weekly.
We have managed to stay at the upper trendline with the Daily candle - check!
RSI is oversold, especially on UNDER the Daily timeframe. On the Daily RSI is on a neutral level (slightly oversold).
On the 4h 21EMA is crossing 50EMA to the downside, what means, that we could still try to test the trendline at araound 0.363$.
Overall I think that we are on a good way to prepping XRP for an bullish outcome.
Lets hope that we can close the weekly candle way up higher than now, so that we don't get a bearish engulfing pattern on the weekly.
Note
Here you have a closer look at the beauty of the 1H.Note
Re-Adjusted the upper trendline a bit for more PERFECTION. :)Note
XRP still won't go down and holding up. Fight, Fight, Fight. :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.