we can see the price is in a bearish move and MACD is showing a huge Divergence
the price had touched the lower bound of the bearish chancel and we can observe there is under cross in MACD line and soon we are expecting a reversal in the stocks movements
it has already broken the Ichimoko Cloud also which is again an other confluences in the bullish reversal...
D1 : As mentioned yesterday, failure to recover at least above former mid black candle (@ 36810) triggered renewed selling pressure, in putting, overnight the focus on MBB, currently @ 32455
MACD cross UNDER !!!
H4 : Failure to recover and hold above the clouds, in conjonction with a rejection at the 50 % Fibonacci retracement (@ 36130) triggered selling...
Many bearish signals on XRP :
1- Crossunder Ema 9/33 on 4h chart.
2- Brekdown of Bearish chuvasov fork.
3- Buy volume in "big divergence" , dropped a lot.
4- No reaction of Buyers on 0,5fib retr and weak reaction on good support.
Waiting for the retest of chuvasov fork , and maybe another opportunity for short.
Divergences on Volume and std RSI 14 ( daily and 4h). Last wave seems to be the third. On 4h timeframe crossunder between ema 9/33 ( backtested with good results ) usually makes starts to corrective down trend.
Short on Crossunder EMA 9/33 (4h) Aggrssive strat
Short on Crossunder EMA 9/33 (4h) + cross EMA 4/12 (Daily) Conservative strat.
