Can we take a push or a dump further? I am still bullish!
So, lets have a look at our baby XRP again.
We have managed to stay at the upper trendline with the Daily candle - check!
RSI is oversold, especially on UNDER the Daily timeframe. On the Daily RSI is on a neutral level (slightly oversold).
On the 4h 21EMA is crossing 50EMA to the downside, what means, that we could still try to test the trendline at araound 0.363$.
Overall I think that we are on a good way to prepping XRP for an bullish outcome.
Lets hope that we can close the weekly candle way up higher than now, so that we don't get a bearish engulfing pattern on the weekly.
We have managed to stay at the upper trendline with the Daily candle - check!
RSI is oversold, especially on UNDER the Daily timeframe. On the Daily RSI is on a neutral level (slightly oversold).
On the 4h 21EMA is crossing 50EMA to the downside, what means, that we could still try to test the trendline at araound 0.363$.
Overall I think that we are on a good way to prepping XRP for an bullish outcome.
Lets hope that we can close the weekly candle way up higher than now, so that we don't get a bearish engulfing pattern on the weekly.
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Here you have a closer look at the beauty of the 1H.
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Re-Adjusted the upper trendline a bit for more PERFECTION. :)
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XRP still won't go down and holding up. Fight, Fight, Fight. :)