XRP UPDATE: THURSDAY 10.3.19: CHANNEL BREAKDOWN

Тема в разделе "English", создана пользователем Trading Ideas, 4 окт 2019.

  1. Trading Ideas

    Trading Ideas Участник

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    XRP UPDATE: THURSDAY 10.3.19: CHANNEL BREAKDOWN
    XRP/USD COINBASE:XRPUSD
    YEHOK
    XqSXH2So_mid.png
    Hello all and good evening!

    Last night the prospect of a long was shattered by XRP's inability to hold support over the upper descending channel line and has now fallen below the rising white channel. The technical target would be the support at the 0.618 of the recent low and high points marked by the squares. Of course price can always return back into the rising channel if volume comes in.

    idea-image-placeholder.svg


    15 Minute chart. Descending purple channel straight out of the rising white one.

    idea-image-placeholder.svg


    1H chart. Technically a bullish divergence as price is moving lower.

    idea-image-placeholder.svg


    4H chart. Negative momentum might be reseting although we might not see a shift to green. It is ideal that when/if we see lower prices, that the MACD has a lower negative values before shifting to green.

    idea-image-placeholder.svg


    1D chart. Recently rejected from the midline of the broadening structure.

    idea-image-placeholder.svg


    1W chart. Negative momentum seems to be running out at the top of this marked area historically a very important price range. This is where XRP was right before it spiked 1,200%

    idea-image-placeholder.svg


    1M chart. XRP is potentially showing a bullish divergence on the 1M as well as the 1W with the MACD .

    This is only my opinion!

    Let me know what you think!
     
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