xrp/btc is in retrace mode again after get rejection from 200 EMA which is still a bearish sign at 4 hour chart.. creating a symmetrical triangle as for now.
Support #1 : +- 4900 (50 +20 EMA as support)
Support #2 : +- 4755 (below the latest trendline)
Resistance #1 : +- 5150 (around down trendline)
Resistance #2 : +- 5320 (previous high +200 EMA)
Indicators :
DMI looks still bullish although DMI+ it began to weaken and DMI- is rising little bit. DMX is still maintain above 25 level.
Macd looks like buyer volume beginning to decrease
Volume MA is rising
on 1 day
beginning to look Bearish as DMI, MACD and price action as it's creating lower high for now. keep in mind that in macd it is not yet shifting it's momentum yet and DMI also have alot of room to move to upside
Support #1 : +- 4900 (50 +20 EMA as support)
Support #2 : +- 4755 (below the latest trendline)
Resistance #1 : +- 5150 (around down trendline)
Resistance #2 : +- 5320 (previous high +200 EMA)
Indicators :
DMI looks still bullish although DMI+ it began to weaken and DMI- is rising little bit. DMX is still maintain above 25 level.
Macd looks like buyer volume beginning to decrease
Volume MA is rising
on 1 day
beginning to look Bearish as DMI, MACD and price action as it's creating lower high for now. keep in mind that in macd it is not yet shifting it's momentum yet and DMI also have alot of room to move to upside