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The condition of the Ripple cryptocurrency on its 4-hour chart is currently under Seller pressure, as seen by the EMA 50 & EMA 200 still intersecting the Death Cross, coupled with the appearance of the Bearish 123 pattern followed by several Ross Hooks (RH) and its price movements forming Higher-Low and Lower-Low coupled with the appearance of hidden deviations between Ripple's price movements and the MACD Histogram indicator (osMA 12,26,9), then confirm that Sellers are currently dominating Ripple on its 4-hour chart, but with the appearance of the Descending Broadening Wedge pattern, it is also worth being aware that in the near future there will be temporary strengthening where there is potential for Ripple to retrace up to the level of 0.5369, but as long as the strengthening does not penetrate and close above the level of 0.5594, Ripple will continue its weakening back to the level of 0.4908 as its main target and if momentum and volatility support it, 0.4799 will be the next target to be aimed of.
(Disclaimer)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
