XRPBTC 1D - Looking for the next bullish divergences
Updated
Hi everyone,
This way of looking this pair has been generous to me. First we had that long MACD bullish divergence, followed by a clear RSI bullish divergence. I remember when XRP looked like a dead coin, and suddenly, following those 2 strong divergences, it raised violently.
Same process, but the other way around, while the price was going up. Easy to identify bearish divergences, both in RSI and MACD. It became a good decision to sell most of the XRP on hold.
Now, following the same strategy, could be wise to, at least, watch this pair in order to identify the next sign for a bullish divergence. If it does show this sign, within the purple box, I personally would start buying XRP.
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
This way of looking this pair has been generous to me. First we had that long MACD bullish divergence, followed by a clear RSI bullish divergence. I remember when XRP looked like a dead coin, and suddenly, following those 2 strong divergences, it raised violently.
Same process, but the other way around, while the price was going up. Easy to identify bearish divergences, both in RSI and MACD. It became a good decision to sell most of the XRP on hold.
Now, following the same strategy, could be wise to, at least, watch this pair in order to identify the next sign for a bullish divergence. If it does show this sign, within the purple box, I personally would start buying XRP.
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Note
Watching this very carefully. There is a bullish cross in MACD, first green sign in its histogram.Trade active
Price is clearly in the buy zone. Finally some reaction, which can be seen in the current hammer candle.
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