Good morning- crypto ger here for another xrp update- today is Tuesday April 27, 2021.
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only.
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up 450% ytd
Over 100% on 3 & 6 month range and 37% on the month
The weekly technicals support long positions and are now more favourable than last week- performing well above almost all moving averages-indicating a strong buy position. the oscillators are mostly neutral with a couple of buy indicators. Rsi values are in the high 60s (compared to low 70s last week) & cci is now 163 compared to over 200 last week- these indicators on their own are both neatural compared to sell last week. The bull bear power index is now a 0.6 compared to 1.1 which is still neutral and lastly the macd is still reporting a 0.21 which is a buy. Weekly technicals are a buy.
For the day ahead I expect to see a trading range below 1.44- a 4 hr close above 1.44 makes me extremely bullish in the very short term.
#XRP
#XRPUSD
#CRYPTO
#CRYOTRADING
#TRADING PLAN
#DAILYANALYSIS
#DAILYOUTLOOK
#DAYTRADING
#DAYTRADE
#CRYPTOTRADING
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only.
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up 450% ytd
Over 100% on 3 & 6 month range and 37% on the month
The weekly technicals support long positions and are now more favourable than last week- performing well above almost all moving averages-indicating a strong buy position. the oscillators are mostly neutral with a couple of buy indicators. Rsi values are in the high 60s (compared to low 70s last week) & cci is now 163 compared to over 200 last week- these indicators on their own are both neatural compared to sell last week. The bull bear power index is now a 0.6 compared to 1.1 which is still neutral and lastly the macd is still reporting a 0.21 which is a buy. Weekly technicals are a buy.
For the day ahead I expect to see a trading range below 1.44- a 4 hr close above 1.44 makes me extremely bullish in the very short term.
#XRP
#XRPUSD
#CRYPTO
#CRYOTRADING
#TRADING PLAN
#DAILYANALYSIS
#DAILYOUTLOOK
#DAYTRADING
#DAYTRADE
#CRYPTOTRADING