Xrpbreakout
Ripple XRP at the border of a Breakout or Selloff ?!So to see Breakout towards Green all time highes are favoured bye the previous upswing pattern. We look for continuation at those low prices.
If it will Selloff then there is the next support coming in at the bottom of the Red box. As easy as it gets. Then we will look for buying those low prices.
XRP consolidation period ending Here's what I see happening at the end of this massive bullish pennant (in no particular order):
1) 75 & 100 day moving averages about to cross
2) touching support - held yet again
3) touching sekou span A - usually a good sign a trend reversal is about to happen
4) Stochastic indicator showing oversold condition with imminent crossover
5) touching edge of bollinger bands
I don't see any indication we'll breakout through support.
Thoughts?