XRPמעודכן XRP Changing trend or what to expect?
Now you can see the breakdown of the lower zone of the upward channel and the formation of a new channel (downward).
Significant levels:
0.251 is a significant level of support, which will continue to work itself out when approaching it. (That is, the price should not fall below it)
0.268 - the local support level, which was tested 2 times, is not particularly strong, since it was falsely pierced on 10.23.2019, but nevertheless, when approaching it, there is a high probability of a rebound.
0.300 - local resistance level, which will be broken during the next test. Penetration will be confirmed by the presence of volumes.
0.314 - a significant level of resistance, beat tested 2 times and worked out great. But it is better to consider it as the lower part of the zone to 0.32453.
What to expect?
Firstly, the price reached a small daily consolidation (10.10 to 13.10.). It can also be considered as Price Action - a bullish takeover. Now she is in this zone, this is a good signal for growth. But you can not only trust one factor. Therefore, indicators will help.
Indicators :
CCI dropped below -100 and is preparing to break through it, which indicates growth.
Between MA 14 and MA 28 there was an intersection, that is, a downtrend will form, since MA 28 is higher than MA 14. But the graph is far from the MAs, so the intersection does not count.
Conclusion:
There will be an increase in value to the corridor between MAs to 0.280 and 0.290. After that there will be a set of shorts positions and a hike down (which I described below).
If there is no growth now, then there will be a small consolidation in the zone of 0.265 - 0.274. If it continues for a couple of days, then we can consider a small set of positions for growth. In another case, the price will break through the zone and the level of 0.268 with fixing the price lower and go to the zone of 0.250 - 0.263 (the zone of the last long consolidation). There will also be a set of positions for growth.
Significant levels:
0.251 is a significant level of support, which will continue to work itself out when approaching it. (That is, the price should not fall below it)
0.268 - the local support level, which was tested 2 times, is not particularly strong, since it was falsely pierced on 10.23.2019, but nevertheless, when approaching it, there is a high probability of a rebound.
0.300 - local resistance level, which will be broken during the next test. Penetration will be confirmed by the presence of volumes.
0.314 - a significant level of resistance, beat tested 2 times and worked out great. But it is better to consider it as the lower part of the zone to 0.32453.
What to expect?
Firstly, the price reached a small daily consolidation (10.10 to 13.10.). It can also be considered as Price Action - a bullish takeover. Now she is in this zone, this is a good signal for growth. But you can not only trust one factor. Therefore, indicators will help.
Indicators :
CCI dropped below -100 and is preparing to break through it, which indicates growth.
Between MA 14 and MA 28 there was an intersection, that is, a downtrend will form, since MA 28 is higher than MA 14. But the graph is far from the MAs, so the intersection does not count.
Conclusion:
There will be an increase in value to the corridor between MAs to 0.280 and 0.290. After that there will be a set of shorts positions and a hike down (which I described below).
If there is no growth now, then there will be a small consolidation in the zone of 0.265 - 0.274. If it continues for a couple of days, then we can consider a small set of positions for growth. In another case, the price will break through the zone and the level of 0.268 with fixing the price lower and go to the zone of 0.250 - 0.263 (the zone of the last long consolidation). There will also be a set of positions for growth.
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הערה
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