Have we seen the bottom yet? RIPPLE analysis

BITFINEX:XRPUSD   Ripple幣 / 美元
Hi Traders,

Here I have outlined the factors in the current market of Ripple. As you all know, it’s a tricky situation now because there aren’t many obvious signs of either direction following through completely as usual for consolidation, but I’ve done the best I can at making you aware of what’s driving us bullish or bearish and what’s standing in the way.

Bullish signs:
- Inverted head and shoulders formation (strong)
- Higher low and higher high have formed (strong)
- Holding above purple major bearish trend line (strong)

Bearish signs:
- Downward crossover on the MACD (medium)
- Break below the RSI channel (medium)
- Downward continuation candlestick pattern (weak)

Neutral (for now):
- I can’t currently tell for sure if price is holding above or below the major S&R level – what makes this such a strong level is that it is $1, I’m sure you can understand why this has a psychological effect

At this point, I don’t think it’s safe to go with either option because as soon as we think it will go one way, something happens and the whole perception changes. So, the best we can do now is regularly update our analysis and work with what we have until we get the required confirmation we need to set things straight. I don’t recommend getting in on this sideways movement unless you’re in it for the long term and don’t mind holding through this.
So, let’s just wait and see if we can get past this $1 S&R level, followed by a break of the blue bullish resistance line, and then we can most likely safely say this correction is over and the bottom has finally completed and then enjoy the next stage of profit.

I'll update when I have gathered more information - stay tuned.

**Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people who are after some knowledge of what could happen. You should conduct your own analysis and research to build up your own predictions**

評論: It's now clear that price has passed the $1 S&R line and is working it's way up toward the blue trend line. I have now re-bought XRP tokens. I'm just waiting for a break of the trend line and then I will be sure that it's only up from there.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出