I am Qi He! I just noticed that the main force of XRP is playing with fire, the pressure level at 1.962 suddenly surged to 196 million XRP, but the key level at 1.9447 below is hiding a large number of support orders! The MACD golden cross is stirring below the 0 axis, will it soar tonight or is it a trap for inducing more buyers?
News perspective:
The Federal Reserve hints at interest rate cuts + Bollinger Bands resonance, historical scripts tell you:
Last year, after XRP held at 1.93, it rose for three consecutive days on expectations of interest rate cuts! But be careful, if it falls below 1.9447, it could drop to 1.926 or even 1.73! Tonight, pay attention to whether 1.95 can hold with increased volume!
Technical perspective:
After the Bollinger Bands weekly hit the lower track, XRP has rebounded eight times in the past ten years, but stabilizing at the middle track of 1.73 on the monthly chart is the real signal! The price is currently stuck at the middle track of the Bollinger Bands on the hourly chart. If it holds here, the probability of hitting 1.962 will soar!
Key details:
The Bollinger Bands are narrowing, indicating a countdown to a trend change!
MACD golden cross but hasn't broken the 0 axis, be careful of 'false golden crosses', must break 1.95 with volume to confirm!
Qi He's personal opinion:
I found a trick: Although the pressure at 1.962 is large, all are retail orders, the main force's real cards are hidden below 1.93! Want to learn how to identify the main force's cost through orders?
Operation suggestion:
Aggressive: If the price breaks through 1.95 with volume, go long! For specific points, contact me.
If it breaks below 1.9447, reverse to short!
Conservative mantra: 'Don't go in when the Bollinger Bands are narrowing, wait for a volume break of the middle track before acting!'
I am Qi He from the cryptocurrency circle, give me a follow, and I will teach you how to catch this wave of market and make a big profit! If you don't know how to time your entry, Qi He will provide real-time analysis in the village and give the current best entry points.
