XRPUSD Chronicle, Week First

Hi Traders and Watchers. Seemed like it was just Monday and boom! The week is almost end. Anyway, the price didn't show any significant movement at all. And to cut a long story short, XRP can't escape from 30EMA resistance line, every time when the price is touching the 30EMA it backs to the 7EMA support again. In theory at the next week XRP should rise to $0.5 again... I'm sure, if I keep following it, the truth will become clear.

I will use next types of TF: 30M, 4H, 1D and 3D.
Indicators: EMA lines, MACD , RSI .
Exchange: Bitfinex.

Let's start and GL you all!

Comment:

TF: 4H

The uncertainty stems from possible fluctuations between support and resistance lines, but it could be a good strategy with small risks for traders who use small amount of money for trading at this bearish market. Buy at the support line and sell near resistance line.

See you tomorrow! GL!

Comment:

30M Chart

Here is uptrend on the card. We have Support Lines: 7EMA, 30EMA, 100EMA and 200EMA. Bullish MACD and RSI. It's enough to start building the long position at this level. If you read my posts above you will see I recommend to buy at support and sell at resistance level on 1D TF.

Comment:

See you tomorrow! GL!