DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Hi all. Today is Friday. It’s Fly-day yet again! We see the stock market world in red as we head over the weekend!
The crypto markets are facing another sell-offs sessions started exactly earlier when stocks markets re-opened. Just hoping that the Bulls will stop the angry Bears before the intraday markets close tomorrow.
As always, I will focus only in the XRPUSD intraday statistics and my price speculation or prediction ahead based from it. That also includes my current trading diary. I repeat that this article only applies to my own personalized trading using the indicators that I prefer and do not reflect the general market condition of the XRPUSD worldwide.
Today’s XRPUSD Intraday Snapshot Analysis will be based on September 10, 2020 trading day’s close at 00:00 UTC time for September 11th.
Chart was screenshot at 4:50PM Philippine time. Courtesy of Tradingview.com
Chart Legends:
The Green Flag represents my XRPUSD long position entry last July 16, 2020.
The Long Violet line marks the 2nd Highest Price of XRPUSD.
The Long Green line marks the Highest High of XRPUSD since my entry.
The Long Yellow line marks my current position’s value.
Without any further ado, we go to view the data now as our friends and perhaps our enemies. ;-)
September 10, 2020 Intraday’s key statistics:
Intraday Open – 0.23906
Intraday High – 0.24886
Intraday Low – 0.23897
Intraday Close – 0.24313
XRPUSD Close Trading Price is up by 1.73% for the intraday’s market action. Good job!
The trading volume reached 57.423M in 2nd-trading-day winning streak! Bravo Bulls!
The nearest support is in a healthy wide gap, just a little above the 0.22500+ cent level while the nearest resistance is the 0.25 cent barrier. All are based on the Bollinger Bands indicator for the Intraday.
Overbought-Oversold zones overall score is now 34-23 since my July 16 entry with Bulls leading the Bears in 11.
Today’s Intraday Dailyfx.com data shows the vast majority of traders in Ripple are long at 97.16%.
50-day SMA for the intraday close is 0.27108 and is higher compared yesterday.
100-day SMA for the intraday close is 0.23148 and is higher compared yesterday.
200-day SMA for the intraday close is 0.21393 and is lower compared yesterday.
My XRP Portfolio Statistics:
Today marks the 56th day of holding my 1st-entry XRP tokens.
My XRP portfolio is up by 107.01% as of September 10, 2020 close.
100% of my total XRP coins are locked in my XUMM wallet for the upcoming Spark Tokens Airdrop this December 12, 2020.
2 out of my 3 Open Trades are in winning positions. That’s 2-1 edge! ;-)
My XRP Price Speculations/Predictions:
The XRPUSD failed to infiltrate the 0.25 barrier in yesterday’s intraday high at 0.24886 which is just 0.00114 shy. As the traditional Stock market in red again today so the Crypto markets also. What are the Bulls’ plans against the sell-offs? As for me, I can see the cross-border-settlement token fighting and holding the 0.24 cent level yet again. Is the 100-day SMA to the rescue again? We’re going to see. ;-)
You may read the news below as a conclusion of my report for today:
Ripple (XRP) Could Avoid Another Setback if it Stays Above 100 SMA
As reference, you may also read my report yesterday in case you missed it:
My XRPUSD Trading Diary Plus Intraday Snapshot Analysis For September 9, 2020
Please read again my disclaimer above! :-)
As always, if you know how to read charts, you won’t lose the battle of trading. The charts are our friend. Listen to them. They are screaming loud and clear. We just need to listen.
Of course do fundamental news research too. Do your own research before buying is the best thing to do. Lots of it!
That’s all for today. Don’t forget to write comments below this article for any corrections, questions or additional info that I might have missed.
Have a great day ahead! Stay tuned for more XRPUSD analysis! Thank you! HAPPY TRADING.
May the LORD Almighty God bless you and keep you safe always in Jesus name! :-)
