Stay calm while the bulls drive the bears


Supply Zones: $ 0.484, $ 0.503, $ 0.564,

Demand zones: $ 0.439, $ 0.413, $ 0.377

Medium-term trend XRP / USD: variable "width =" 1246 "height =" 549 "srcset =" png 1246w, 300w, 2018/11 / XRP-Medium-Term-Nov-01-768x338.png 768w, 1024w, 610w "sizes =" (maximum width: 1246px) 100vw, 1246px

The XRP / USD continues to vary in its medium-term prospects. The currency has oscillated for over ten days within the supply zone of $ 0.484 and the demand area of ​​$ 0.439. It all started shortly after the events of October 15th. The bulls' effort to break the $ 4,484 supply zone on October 23 was over by the pressure from the Bears.

The bearish wrap-around bearish candle on October 29 could not break the $ 0.439 demand area down due to bullish momentum. The impetus of both bears and bulls are in balance, one of the characteristics of the trendy market.

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The XRP price is negotiated on 21-day EMA and 50-day EMA; the two EMAs are closed together with the 50-day EMA EMA over the 21-day EMA confirming the consolidation. The MACD indicator with its short zero-level histogram and its parallel zero-signal lines indicates that consolidation is underway. Only a strong exit to the north by the bulls or to the south by the bears can bring significant rally to the XRP market. Operators could pay attention to the break.

Short-term trend XRP / USD: variable

Analysis: XRP traders should pay attention to breakout "width =" 1246 "height =" 549 "srcset =" 01 .png 1246w, 300w, uploads /2018/11/XRP-Short-Term-Nov-01-768x338.png 768w, . png 1024w, 610w "sizes =" (maximum width: 1246px) 100vw, 1246px

In the 1 hour chart, XRP / USD continues its discontinuous trend. When the pair rallied to the north with the formation of huge strong bullish candles on October 23, it moved toward the price level of $ 0.484. Bears forbid its upward movement with the formation of a bearish pin bar. Bears and bulls fought for the RXP market.

The currency is traded on 21-day EMA and 50-day EMA, which indicates an ever-changing market. The MACD with its histogram was at level zero with its signal lines intertwined with one another, an indication of a market that varied. The dismemberment is imminent, traders should be patient.

What is your thought on this ?, let us know in the comments section below.

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