After a long bear market XRP is ready to make it's move to ATH and beyond!
In the following charts it's clear that XRP is ready to move to new highs ==>
In the following charts it's clear that XRP is ready to move to new highs ==>
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On the Monthly chart we saw a beautiful retest of previous resistance.Note
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On the weekly chart we see a ABC correction and we are ready for the 3th impulsive wave to the upside.Note
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If you have doubts about where XRP is going, you can check the inverse chart and it will tell you all you need...Note
Trade active
On the 4 H chart we are at oversold levels which could bring us back in the channel formation.We have about 2 hours left for the bulls to show up.
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The XRPBTC chart looks promising as well. A clean monthly retest on broken resistance.If we look at the next major resistance we can move about 60 % up compared to BTC
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In the meantime the BTC dominance chart is forming a top, likely it will free dive to the downside soon, which is good for ALTS to run.Note
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In my opinion we just have a sideways consolidation before a next wave Upwards.The RSI had to cool off and we are oversold on the daily timeframe.
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Interesting chart! We moved back to resistance of the channel.I would like to see that the daily candle closes 6% higher from here, then we have a clean retest of the declining trendline.
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CHECK IT OUT 😎
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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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.