Good day fellow traders,
It is time to watch your XRP assets, the market is likely to soon make a decision on where it wants to move. Even dough it isn't a convincing bullish momentum, there are more positive than negative signs.
- Healthy retracement from previous high 38.2 fib and ABC correction.
- Candle formations on 12H and Daily show a close battle between Bears vs Bulls. Monitor for bullish Harami candle on the daily timeframe
- DMI and RSI are in location to swing up
- MACD shows the tight battle and no clear momentum yet
- Larger wave count on the chart on possible route
Major levels indicated, there are more minor levels in between. Entry depends on your own DYI and conditions to enter a trade: early bird, buy break out, mid-long hold.
Goodluck to all
It is time to watch your XRP assets, the market is likely to soon make a decision on where it wants to move. Even dough it isn't a convincing bullish momentum, there are more positive than negative signs.
- Healthy retracement from previous high 38.2 fib and ABC correction.
- Candle formations on 12H and Daily show a close battle between Bears vs Bulls. Monitor for bullish Harami candle on the daily timeframe
- DMI and RSI are in location to swing up
- MACD shows the tight battle and no clear momentum yet
- Larger wave count on the chart on possible route
Major levels indicated, there are more minor levels in between. Entry depends on your own DYI and conditions to enter a trade: early bird, buy break out, mid-long hold.
Goodluck to all
Order avbruten:
As mentioned in the description, we needed more confirmation of bullish momentum. Obviously, this is also correlated to BTC moves, but it is not responding like some other strong altcoins in the sense of momentum and recovery. Conclusion take it back to the drawing board