XRP analysis based on Ichimoku system
It is just an analysis. Do your trade with your plan.
For next 24 hours the Kijun-sen will be at equilibrium and so Tenken-sen.
Price is under Tenkensen and KijunSen and all of them are under Kumo cloud so there is a strong resistance.
Future komu cloud is descending and Chiku-Span is in a open area, so all of them tell us:
most probably there is a down trend .
The specified channel as well is showing a descending trend.
price at 0.6070 is first support level after it the lower line of channel is the next support level(price at 0.5860)
The only thing that may cause the price change its way to up is empty hole between two clouds
For next 24 hours the Kijun-sen will be at equilibrium and so Tenken-sen.
Price is under Tenkensen and KijunSen and all of them are under Kumo cloud so there is a strong resistance.
Future komu cloud is descending and Chiku-Span is in a open area, so all of them tell us:
most probably there is a down trend .
The specified channel as well is showing a descending trend.
price at 0.6070 is first support level after it the lower line of channel is the next support level(price at 0.5860)
The only thing that may cause the price change its way to up is empty hole between two clouds
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