Ripple has had - until today - a very good run and it seemed that only the sky is the limit.
But at noon the situation has changed and we see the beginning of a small correction.
XRP has reached a new ATH - what it has done regularly in the last days. So nothing new.
But what has changed are the indicators (1h-candles):
ADX
ADX has surpassed the climax and is descending.
+DI is still in positive zone but weakening
-DI is below 20
+DI and -DI are near to each other - what indicates that the trend is not significant and in combination with the falling ADX this signals a falling momentun; one can say there is no wind in the sails! (translated out of german)
RSI: has left the overbought zone above 70 and is falling to neutral zone
MACD: ema 12 (blue) has triggered ema 26 (orange) from top to down - this is a negative sign
The longer time candles (> 2h) aren´t signalling a change in direction yet! So perhaps I´m wrong, but I can imagine at this point a little correction to the last retracement 261.8% (2,93$).
Definetliy no entry-point!
But at noon the situation has changed and we see the beginning of a small correction.
XRP has reached a new ATH - what it has done regularly in the last days. So nothing new.
But what has changed are the indicators (1h-candles):
ADX
ADX has surpassed the climax and is descending.
+DI is still in positive zone but weakening
-DI is below 20
+DI and -DI are near to each other - what indicates that the trend is not significant and in combination with the falling ADX this signals a falling momentun; one can say there is no wind in the sails! (translated out of german)
RSI: has left the overbought zone above 70 and is falling to neutral zone
MACD: ema 12 (blue) has triggered ema 26 (orange) from top to down - this is a negative sign
The longer time candles (> 2h) aren´t signalling a change in direction yet! So perhaps I´m wrong, but I can imagine at this point a little correction to the last retracement 261.8% (2,93$).
Definetliy no entry-point!
註釋
The correction continues. The support has been broken, XRP is now heading the lower limit of the trend channel!註釋
Correction going further! XRP has left the positive trend channel. The trend is broken! XRP is now in a new - negative - trend channel. It stays well below the older fib retracement at 261.8% and even below a newer fib retracement at 78.6%.
To stop the new trend XRP must leave the negative channel on the upside and break the two mentioned resistance lines.
交易結束：達到停損點
XRP has turned and regained back important resistance levels!
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