XRP / BTC - TURNING BULLISH AND HERE'S WHY - CryptoManiac101
XRP / BTC TA
Here we're looking at several different indicators and fractals. Right from the start we can see that there are 3 distinct patterns that repeat. Let's go over them...
1. RSI - RSI is currently at 25 levels which has NEVER EVER been seen before on a weekly chart. Lowest we've seen was around 27 levels. With that said we still see similar RSI drops for Jan, Feb, Dec 2017 and Sep 2018 - ALL of which have been followed by a massive pump from 178% to 5,000% in a matter of weeks.
2. MACD - just like seen in November 2017 and December 2018 we're at downward channel for MACD with possible bull crossover in next few weeks.
3. MMAR - MMAR just like RSI and MACD show us nearly identical movement as before with MMAR 's turning bear red color just before an immense breakout was seen.
To this we can also add the trend line which comes in at roughly 4400 sats . We also have liquidity zone with double bottom in between 4200 - 5200 ranges.
What does all that mean?
If we just look at the patterns and indicators we're presented with, we'd say that a breakout should be expected within minimum of couple days to maximum of few weeks.
This is not a financial advice, just a simple observation of XRP / BTC
PRIOR XRP / USD / BTC TA
Here we're looking at several different indicators and fractals. Right from the start we can see that there are 3 distinct patterns that repeat. Let's go over them...
1. RSI - RSI is currently at 25 levels which has NEVER EVER been seen before on a weekly chart. Lowest we've seen was around 27 levels. With that said we still see similar RSI drops for Jan, Feb, Dec 2017 and Sep 2018 - ALL of which have been followed by a massive pump from 178% to 5,000% in a matter of weeks.
2. MACD - just like seen in November 2017 and December 2018 we're at downward channel for MACD with possible bull crossover in next few weeks.
3. MMAR - MMAR just like RSI and MACD show us nearly identical movement as before with MMAR 's turning bear red color just before an immense breakout was seen.
To this we can also add the trend line which comes in at roughly 4400 sats . We also have liquidity zone with double bottom in between 4200 - 5200 ranges.
What does all that mean?
If we just look at the patterns and indicators we're presented with, we'd say that a breakout should be expected within minimum of couple days to maximum of few weeks.
This is not a financial advice, just a simple observation of XRP / BTC
PRIOR XRP / USD / BTC TA
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Weekly candle closed as expected - we're close
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Bounced off trend line
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