1. Yesterday's Review: Panic wash + rapid probing, bulls are close to counterattack.
Yesterday XRP experienced a violent drop, dipping below 2.14, at one point piercing the lower track, with increased volume on the drop but quickly pulled up at the end, a typical 'wash-style long lower shadow'.
Combining trading volume and shadow structure, bears are overdrawn, possibly a main force clearing position to induce shorts, initial short-term bottom established.
2. Daily Level Analysis: Lower shadow probing, short-term rebound is expected to start.
Candlestick Pattern: Yesterday closed with a long lower shadow, today opened steady at 2.21, forming a typical 'Hammer';
Bollinger Bands: The lower track support is effective, the price has not broken the external structure, increasing the probability of a rebound;
Moving Average System: Pullback to MA20 (yellow line) support, currently at the end of consolidation;
MACD: The histogram is about to turn red, golden cross is near;
RSI/KDJ: Indicators are at a low turning point, with upward space available.
Conclusion: Bullish critical counterattack at the daily level, clear signs of stopping the decline and stabilizing.
3-4 Hour Line Analysis: The wash and induce short has been established, short-term bullish volume is accumulating.
Candlestick Structure: After a double bottom probing at the 4H cycle, it closed bullish, forming a 'Morning Star' reversal pattern;
EMA System: Current price has risen near EMA50, forming a short-term moving average support zone;
BOLL Band: Rebound from the lower track, pocketing down but narrowing, easy to trigger a rebound;
Trading Volume: Bears increased volume, followed by bullish candles stopping the decline and rising, signs of main force accumulating positions;
MACD: The long position is in a state of rotation, the red bars are increasing, and bullish momentum is improving.
Conclusion: The 4-hour chart shows a clear oversold rebound structure, bullish attack could start at any time.
4. 1 Hour Line Analysis: Short-term bulls have successfully tested, pullbacks are good buying opportunities.
Candlestick Combination: Multiple bullish candles stand back above 2.20, short-term trend reversal;
EMA Moving Average: After a short-term pullback to EMA20, a rebound is expected to continue challenging the upper EMA100 (2.27);
KDJ/RSI: Forming a golden cross upwards, indicators are in the middle-low range, with further upward space;
BOLL Band Structure: Pullback to the middle track then surge, overall oscillation is biased towards strength.
Short-term has escaped bear control, with sustained rebound momentum, pullbacks are opportunities.
5. Real Trading Strategy (Bullish Direction)
Open Position: 2.21
First Indicator: 2.24
Second Indicator: 2.28
Loss Position: 2.17
