This is my first public TA, but as I was reading the bullish news saying that XRP might experience a 12% bounce in March, I felt the need to share my view in order to know your opinion.
Green circles : 20MA crossing up 50 MA Yellow circles : 50 MA crossing up 100 MA Orange circles : 50 MA crossing up 100 MA
My conclusion is that a bullish cross of any MA doesn't mean that much. Maybe a small bounce and the a drop. Look at points 1, 2 , 3 .... At this point, is a drop coming?
Looking at daily RSI or stochastic, doesn't seem that bullish to me ...
Regarding the heavy resistance ahead, I believe that there is more chances that we drop than we bounce.
Please let me know what do you think about it?
Have a great day
Kommentar
Looking at the weekly Stochastic, it seems that we have reached the main resistance that had been pushing down XRP for more than 441 days.
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.