Commencez
Exsilium

$XRP #Ripple dragged below Pivot by $BTC - Support at 0.64-65

XRP (BITSTAMP:XRPUSD)  
Exsilium Mis à jour   
BITSTAMP:XRPUSD   XRP
Support and Resistance Pivot Points Elliott Wave xrp xrpusd ripple BTC Bitcoin (Cryptocurrency)
3
1
supportandresistance pivotpoints elliottwaves xrp xrpusd ripple btc bitcoin
XRP breaks through Pivot @ 0.75 after breaking down through bullish flag and RSI channel. The (P+S1)/2 is at 0.64. 4H RSI is under 20 and is extremely oversold. The 0.63-64 area also provided solid support a month ago and back in March. This confluence of support should hold. If not, were looking at 0.55-56.
Commentaire:
While the price appears to be bouncing, I dont see any follow-through in the LongOpenInterest, in fact it has made a new low as the price gained a little. While I fully expect the 0.64-65 level to hold, LOTS and LOTS of support here, the market as a whole doesnt seem to be on the rebound train yet.

So.. be careful here...
Commentaire:
Looking back we can see that the price has reached the 0.618 fib of Wave 1 (the first impulse series plotted) right on the nose.

snapshot
Commentaire:
Long Open Interest has started to climb, signaling confirmation of bounce. However, I would like to see a break of the RSI trend-line broken up before I feel confident of confirmation.

snapshot
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.