Difficult to decide here as the midterm trend is definitely Bearish.
Trading in the support zone here, but bulls are not strong the last couple of days. Money is in the shorts right now, so placed a short with a tight S/L here even though the RSI shows a small bullish Divergence. Find the rejection of the mid-level (50) of the RSI stronger together with the...
XRP/BTC Clearly resonding to the top of the rising wedge and the overbought on the RSI touching 80.
3 previous events in the last month had simular results and xrp retraced to the bottom of the wedge acting as support.
Sold my position here and will re-enter again at the bottom of the wedge at 3350 sats.
First target then 3700 sats 10% initial gain. Expact XRP...
BAT/BTC broke free of the falling wedge and bulls are taking over. First target is the 200MA on the daily and the previous resistance level just short of 3K sats. New bullish wedge is forming. BAT is always a strong first mover with a good FA.
Expecting a small correction towards previous high at 2630 sats today before the further move
