$XRP #Ripple - Nice run, but could get a little bumpy
On the trending 1 day chart, the recent btc events sent xrp crashing through the simple moving average into the bottom channel of the bollinger / keltner.
Upon evaluating the rebound, xrp has made some significant gains (like the rest of the alt market). That being said, the 1 hour signal chart has price dangling well above cloud.
Due to the current downtrend in xrp, I believe this is a good combination to conclude this as - not the bottom - and I will be waiting to enter xrp for a short term long position.
Waiting to see interaction within the bottom channel. Will look for a strong buy signal in the 1 hour chart.
Upon evaluating the rebound, xrp has made some significant gains (like the rest of the alt market). That being said, the 1 hour signal chart has price dangling well above cloud.
Due to the current downtrend in xrp, I believe this is a good combination to conclude this as - not the bottom - and I will be waiting to enter xrp for a short term long position.
Waiting to see interaction within the bottom channel. Will look for a strong buy signal in the 1 hour chart.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.