#XRP a different look... BULLISH Backtest?
Ain't nothing but a backtest?
XRP/USD Bitstamp weekly chart of what looks like a crazy potential backtest or resistance line from beginning of 2018.
Did a measured move and funny enough put me around $1.10 range and back onto the bullish uptrend line. But we would need a very strong bounce from here on large green volume.
Some bear signs at the moment is the weekly RSI trendline, still early in the week must have a rally from here to get back above the trendline before sunday close.
P.S. The bear side would be a clear break of .22 cent area on large volume would have you at least testing .14-.18 but i am more favoring the bulls but who knows with BTC if it decides to do what it does.
-Not Financial advice just a blog of my thoughts for fun.
XRP/USD Bitstamp weekly chart of what looks like a crazy potential backtest or resistance line from beginning of 2018.
Did a measured move and funny enough put me around $1.10 range and back onto the bullish uptrend line. But we would need a very strong bounce from here on large green volume.
Some bear signs at the moment is the weekly RSI trendline, still early in the week must have a rally from here to get back above the trendline before sunday close.
P.S. The bear side would be a clear break of .22 cent area on large volume would have you at least testing .14-.18 but i am more favoring the bulls but who knows with BTC if it decides to do what it does.
-Not Financial advice just a blog of my thoughts for fun.
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.