What you'll learn 👉
On the daily XRP/USD chart, XRP is stuck in a sideways channel of long term support of $0.29 and resistance at $0.36.
Right now, the price is sitting at the MA200 that is acting as a support zone. On the 4h chart, XRP is moving in a very tight range with Bollinger Bands squeezing it narrower and narrower, foretelling a big move, up or down. Since the volume is very weak and secondary trend is down, it is more likely XRP sinks to the $0.29 hard support.
EOSUSD price analysis
Looking at the weekly chart, EOS has entered a long-term bull trend with the clear upwards moving trendline.
However, zooming in on the daily timeframe, EOS has seen a bullish cross of MA50 and MA200 and the price is currently floating around a long-term support/resistance zone of $5.15. There is a contraction on the BBands which in combination with a low volume indicates an imminent move downwards.
ADAUSD Price analysis
ADA has seen some nice gains in the recent couple of weeks and the price is in a both secondary and minor bullish trend. There is descending triangle formation on the 4h chart which could indicate a potential jolt up to the next resistance level of $0.10 which is a long term support and resistance zone for ADA.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com