Probably a bullish falling wedge pattern (reversal) forming.
RSI also shows bullish divergence.
But DMI shows a bearish trend, so I do not recommend buying now.
However, sellers are weakening.
Pending buy orders may be placed above the local swing high at .205 – .208
Good luck!
RSI also shows bullish divergence.
But DMI shows a bearish trend, so I do not recommend buying now.
However, sellers are weakening.
Pending buy orders may be placed above the local swing high at .205 – .208
Good luck!
Note
The market broke the resistance, I think this is a good signal to buy.Note
XRP excellently broke through the resistance and reached almost 20% growth. At the moment it seems very likely that a bull pennant is being formed. But you need to be careful, this pattern sometimes does not work.
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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.