Simple answer, Yes!
Complicated answer, it depends.
XRP is showing very strong bullish signs on weekly time frame.
- RSI broke new high after more than 2 years
- 20 and 50 EMA gave buy signal after 2 years
Two very strong bullish signals.
2H time frame
-Price is in, sorry, it's breaking from Ascending triangle bullish continuation pattern.
- MACD is about to see another buying wave
- RSI is still showing much potential to seek higher levels
The bullish momentum will be confirmed by a break of $0.50 mark.
For the next resistance levels, please drag the chart higher to see them.
Good luck!
Complicated answer, it depends.
XRP is showing very strong bullish signs on weekly time frame.
- RSI broke new high after more than 2 years
- 20 and 50 EMA gave buy signal after 2 years
Two very strong bullish signals.
2H time frame
-Price is in, sorry, it's breaking from Ascending triangle bullish continuation pattern.
- MACD is about to see another buying wave
- RSI is still showing much potential to seek higher levels
The bullish momentum will be confirmed by a break of $0.50 mark.
For the next resistance levels, please drag the chart higher to see them.
Good luck!
Kommentera:
This rally is not ending yet
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Is this really it.. a breakout? Well it may be one indeed as the demand on RSI is breaking into a new high for the past three years and the price of XRPBTC seems to have bottomed!
Trade stängt: målet nått:
I am closing this idea as the highest resistance of $0.80 was tested, I haven't took any profit yet, current price $0.65.
Kommentera:
Maybe just two more updates.. :) It's important to hold this 50 EMA, because the break of it will push the price in a corrective wave on 1h time frame
Kommentera:
on 1h time frame we can see that the price of XRP has found support on 20 EMA which os 15m 50 EMA, and the break below would mean a retest of 0.5430, 50 EMA.
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