XRP / TetherUSLong
XRP ANALYSIS - Ichimoku cloud
This time I used Ichimoku cloud that helps to identify long term market trends. It is also used to identify support & resistence levels.
Ichimoku cloud (2H) on XRP shows some precious information :
1- Tenkan and Kijun lines are twisted and Tenkan (green line) becomes above the Kijun (pink) one. it means that a modification of the market trend seems to me ongoing
>> this must be confirmed in the next few days
2- In addition, Ichimoku thick red cloud that is being actually crossed is a strong support. A break above can be considered as a strong market signal of uptrend LONG TERM move
>> XRP line must clearly break it to confirm the uptrend
3- The laggin span (in yellow) trend still to be confirmed. It must stay below XRP line to consider the market as bullish
>> To be confirmed very soon
Not financial advice
Ichimoku cloud (2H) on XRP shows some precious information :
1- Tenkan and Kijun lines are twisted and Tenkan (green line) becomes above the Kijun (pink) one. it means that a modification of the market trend seems to me ongoing
>> this must be confirmed in the next few days
2- In addition, Ichimoku thick red cloud that is being actually crossed is a strong support. A break above can be considered as a strong market signal of uptrend LONG TERM move
>> XRP line must clearly break it to confirm the uptrend
3- The laggin span (in yellow) trend still to be confirmed. It must stay below XRP line to consider the market as bullish
>> To be confirmed very soon
Not financial advice
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