Although BITFINEX:XRPUSD showed some impressive gains latest month, it is clear we are approaching a cool off period now.
On the chart, its more than clear we have a major 24W cycle ruling the price movement of this crypto.
we have topped at the middle of this cycle at $0.55, but recent days confirmed we are approaching a local low, which may be quite dramatic...
Position:
- Still long from 18.08.16 @6270$
- Divergence starting to form on lower timeframes
Script Uses:
1. Ichimoku Cloud
2. John E. Zero Lag EMA
3. Hilbert Sine Wave Support/Resistance
4. Linear Regression Divergence of price vs
-- ROC
-- RSI
-- ZL-MACD
Inside
-- No Repaint!
-- No Lookahead (lookahead_off)
-- Date Selectors
-- Alarms...
