XRPUSD 4hr Following the Trend Channel FIB .236 @ 0.23100 suppot
Quick follow up for #xrpcommunity and price of #xrpusd. The Parallel Trend Channel has shown the Continuation whithin and the Bullish Breakout attempt in the last 24hrs. We are currently in a small Pullback as the 12Day EMA has just crossed over the 50 Day (yellow), 24hrs ago, and now the 100 Day EMA (green).A strong point on the Fib retracement level 0.236, and point where noise will alway happen as Traders weigh up the options, and decide.
The Stock RSI looks good , and the Volumes have been coming in TMC up 10 billion, There is a good correlation to #xrpbtc price, from begining of Sept 2019 FAR green solid line at bottom of the Chart ,up over 10%, worth considering when one does ones own research and TA. I am bull on this, we have seen at lot of Major Long Wicking, micro pumps, in last 24hrs, a signal that the markets are getting ready...hold your hand well. Good Luck.
I am not a Finacial Advisor.
Please drop and LIKE and a FOLLOW if you like to have clear detailed work with both short and long opinions, done with as much care to enable you to make better decissions. Thanks to you all :)
I use a multitude of True Support and Resistance OLD school TA and then i back this up with multiple Moving Average Tools and Osilators to get a clear more precise style of TA. Hours of analasis and then when i have researched and show why, then i Report. TA is never 100% accurate...it can give insight when used correctly and clearly understood, how to apply it each and every situation. It often only improves one guess from being 50/50 to pheraphs 60/40, there are of course Traders then can increase these Percentages. There is a lot of Detail in these charts, which ever way the Market does, it gives you information, Support and Resistance, previous and furure.
The Stock RSI looks good , and the Volumes have been coming in TMC up 10 billion, There is a good correlation to #xrpbtc price, from begining of Sept 2019 FAR green solid line at bottom of the Chart ,up over 10%, worth considering when one does ones own research and TA. I am bull on this, we have seen at lot of Major Long Wicking, micro pumps, in last 24hrs, a signal that the markets are getting ready...hold your hand well. Good Luck.
I am not a Finacial Advisor.
Please drop and LIKE and a FOLLOW if you like to have clear detailed work with both short and long opinions, done with as much care to enable you to make better decissions. Thanks to you all :)
I use a multitude of True Support and Resistance OLD school TA and then i back this up with multiple Moving Average Tools and Osilators to get a clear more precise style of TA. Hours of analasis and then when i have researched and show why, then i Report. TA is never 100% accurate...it can give insight when used correctly and clearly understood, how to apply it each and every situation. It often only improves one guess from being 50/50 to pheraphs 60/40, there are of course Traders then can increase these Percentages. There is a lot of Detail in these charts, which ever way the Market does, it gives you information, Support and Resistance, previous and furure.