Ripple Analysis-- June 18
XRPUSD Medium-term Pattern: Bearish
Supply Levels: $0.52, $0.53, $ 0.54
Need levels: $0.50, $0.49, $0.48
Recently, the XRPUSD set was in a down pattern. It traded at $0.66 however was up to $0.53 Ripple remains in a smooth sag with a bearish pattern line. The 20- day moving average and 50- day moving typical verifies the sag. On the other hand, the relative strength index duration 14 is level 33 suggesting that the marketplace is oversold and recommending the bulls will take control of the marketplace.
If the marketplace is oversold, traders will leave their brief trades and keep an eye out for buy setups to start long trades.
XRP/USD Short-term Pattern: Bullish
The 1-hour chart reveals that the Ripple price remains in a sag. In the lower amount of time, the MACD line and the signal line are above the no line suggesting a buy signal. Likewise, the price of the property is above the 12- day EMA and 26- day EMA suggesting that the bullish pattern is continuous. A long trade can be taken at the $0.51 assistance level, if that level is holding.
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