Short-term bullish divergence
Updated
Left chart - 1HR: We can see a small bullish divergence forming over the past 2 days. To be explicit this does not mean it will rise, but it's a factor speaking for it. Moreover, this is a short-term signal.
Right chart - 4HR: On the long-term chart there's not too much positive price action. ADX indicator is showing a strong downward trend, which was caused by the SEC controversy. While I personally don't think this will impact XRP in the long-term, I do believe this will have a negative effect on price for the coming months.
Verdict: I expect at least a short-term recovery, to around 30ish cents. Perhaps this will come in the form of a bear flag that will continue/initiate a lasting downtrend. Too early to say.
Right chart - 4HR: On the long-term chart there's not too much positive price action. ADX indicator is showing a strong downward trend, which was caused by the SEC controversy. While I personally don't think this will impact XRP in the long-term, I do believe this will have a negative effect on price for the coming months.
Verdict: I expect at least a short-term recovery, to around 30ish cents. Perhaps this will come in the form of a bear flag that will continue/initiate a lasting downtrend. Too early to say.
Trade closed: target reached
Closed 2/3 positions at 31 cents, reached 30 cents as predictedTrade closed manually
3/3 positions closed, last one at 37 cents its a good success
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