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: 11.02.2018)
This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.)
Within the correction process, we left behind a week with hard movements after a month of hard movements. But there is also a nice feature of this week: it’s a week of hard recovery after a hard fix.
Next week $ 0.8 XRP, starting from the level, in the market negative weather 0:56 $ . However, the XRP, which keeps pace with the recovery on the market very quickly, 1:22 $ and it took a breath of relief to the investor. With weekly sales coming from this level $ 0.99 to close 24% a value increase has occurred. Now let’s take a look at the technical situations that took place during the past week.
XRP week FIBO 0.236 He was just below the level. There was some depreciation due to the negative weather in the market; but I have added graphics to worked as a horizontal trend support and the return from this level was realized. FIBO 0.236 level, XRP has broken this level with a stronger bar. With sales coming from this level again FIBO 0.236 level, the XRP was able to stay on top of this level at week-end. Let me evaluate it in the light of these developments.
I think it is very positive that such a nice return to the realization that the XRP investor has lost hope. It does not seem to prevent the formation of one of the bowl or cup handle formations I have already mentioned. On the contrary, I think that the appropriate environment continues to be formed in this direction. (Again, I want to draw a graphical white curve is only a canned Cup / Cup Cup formation can not be the same image formation formation may be disturbed).
If he looks at the RSI indicator, 30 , which corresponds to the over-sold territory. If it is already FIBO 0.236 It is quite positive for the rise to be over the level. On this level FIBO 0.382 it may be expected to move up to level. For a period of time in this range, a horizontal motion will form a favorable environment for formation formation. FIBO 0.382 if the level is broken up FIBO 0.5 level will be our new resistance point. In adverse market conditions FIBO 0.236 level will be our first support. Below this level to horizontal trend will come to the agenda. If this trend breaks down, I think the view will be quite positive.