Ripple $XRP Technical Analysis 28 Apr 2021

Ripple $XRP Technical Analysis 28 Apr 2021

By Mandrakata | On The Edge | 28 Apr 2021


Technical Analysis

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https://www.tradingview.com/x/KoWYg00R/

Price dynamics have to breakthrough actual $1.47 resistance to confirm a bullish trend (50% FIB retracement standard key level as up/down switch). Anyway the MA pattern is in uptrend and the prices are on top of the short MA. That's a safety.
RSI momentum indicator had strong overbought several times in the past, telling us that while the price is rising, the uptrend is strong for a longer time-frame than usually.
If the uptrend in the RSI momentum indicator will be confirmed, and more buyers are stepping in, we could see again last ATH.
I'm Waiting, need confirmations for Long position.

Please watch out that we are charting 4H time-frame, so we are operating on short term. Ripple have traditionally a strong consensus in crypto world but last rumors and events couldn't be ignored.


⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions. Above ideas is for educational purpose only, it is not intended to be investment advice.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you. I will never promote anything I don't truly believe in.

 

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Mandrakata
Mandrakata

Risk taker. Creativity solves everything. I practice what I post.


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