Dear friends, here is the investment information, comments and evaluations Not in the scope of Investment Consultancy . The analyzes and evaluations I have made are based on technical data. (Analysis date: 25.02.2018)
This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.)
We left a negative week for XRP. Two weeks 0:56 $ -1.21 $ XRP entering the correction process after the motion $ 1.1 at the end of the week $ 0.9 to about 18% it has lost value. It is reasonable to say that the movements have been smooth compared to previous corrections. Now let’s take a look at the technical situations that took place during the week and let’s evaluate it.
It looks fairly simple in situations where we analyze the chart on a daily basis and the market is volatile because of the volatility of the market. XRP starts with a weekly decline and FIBO 0.236 (0.93 $) We see that you continue to level. We observe that this level breaks down and then the reaction from this level. However, the closing of the last two days of the week FIBO 0.236 (0.93 $) level. Let me review this information in line.
XRP, to Approximately after the return of the trend 116’lık% I did not get a profit margin. This week, this march has moved in the direction of correction. I think that such movements will have a positive impact and strengthen the XRP if we talk about medium and long term. If it is already FIBO 0.236 (0.93 $) The level below the level has created a negative image. Closing below this level will lead to increased sales pressure. In this case, we should follow our trendy support below. FIBO 0.236 (0.93 $) I would appreciate if you were to move on to the level of relaxation. As long as you stay on this level FIBO 0.382 (1.38 $) level should be in our watch. The volume created on the peak that goes to historic summit is tremendous quality, if we pay attention to volume graph. If it is already, the volume has fallen considerably. Making a volume trail in a potentially harsh action will help us make a trade decision. The RSI indicator has turned direction down. Unfortunately, the expectation for both directions is that the value is on the average level. I think it would be appropriate to follow the upward direction of the RSI for upward movement.