Good morning all. If you have been patiently following us with XRP then today's rise was long awaited. The measured moves off both of the descending patterns were in congruence for just under the 200 EMA on the 4H chart. Currently we are potentially printing a bearish divergence - higher high in price , lower high in positive momentum with MACD/ RSI and volume. The candle that is showing on the 4H has the potential of being a long legged doji or dragonfly which tends to signal a reversal from the top of a trend. Any continued move to the upside should be viewed as suspicious. We should stay cautious and wait to see what the market brings next.
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Congratulations to those who held through up to $0.28 and celebrating my mistake!
Over Resistance? Breaking above the Wedge?
Congratulations to those who held through up to $0.28 and celebrating my mistake!
Over Resistance? Breaking above the Wedge?
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WOW! What a day for XRP! Proved me entirely incorrect! Almost hit $0.30! Will $0.28 provide a continuation bounce or will Price just keep going up?
WOW! What a day for XRP! Proved me entirely incorrect! Almost hit $0.30! Will $0.28 provide a continuation bounce or will Price just keep going up?
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P.S. We have hit the measured move off the height of the wedge.
Are we going to see Bears get some revenge here?