XRP has seemingly finished an ABC correction which has retraced to the .236 FIB level.
RSI is quite oversold and has plenty of room to the upside.
MACD following a similar trend on the 4HR; it has been "flat" for quite some time - much like it was last year before the EOY rise.
Looking like a Wave 3 preparing to explode.
This is just my opinion.
I am not a financial advisor.
My thoughts are my own.
Don't take candy from strangers bro.
RSI is quite oversold and has plenty of room to the upside.
MACD following a similar trend on the 4HR; it has been "flat" for quite some time - much like it was last year before the EOY rise.
Looking like a Wave 3 preparing to explode.
This is just my opinion.
I am not a financial advisor.
My thoughts are my own.
Don't take candy from strangers bro.
Note
Wave 3 looks to have potentially started. Volume is picking up. Will have to keep an eye on it to make sure it's the real deal - it could always decide not to be and head back down the other way.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.