XRP nearing what appears to be an inevitable golden cross. Moon?
As the price action on the daily char continues, we can see the bull flag xrp is in is looking very likely that it could break upward. For many many days now the price has been moving steadily sideways keeping the trajectory of the 200ma(in blue) and the 50ma(in orange) completely in tact...I haven't had to readjust the angle of either of their hyphenated projection lines practically at all in many many days and now that the current price candle seems to be wanting to finally break upward above the bullflag, it only instills more confidence in me that we will see a golden cross occur either by the current trajectory of November 3rd or possibly even sooner if this flag breaks upwards. A golden cross has been very very bullish for XRP and the last 2 golden crosses we experienced on the 1 day chart happened right before the last 2 all time highs. So I'm fairly confident with a golden cross occurring here in early November that the next all time high will likely follow it. Of course we need to keep in mind that there have been 2 incidents int he past where shortly after a golden cross we nullified that cross soon there after with a death cross so it is indeed possible but there is far more probability we can sustain the golden cross once it occurs. Smart to be prepared for either outcome. 2 ways we wouldn't see a golden cross by early November would be 1. if the price suddenly plummeted exponentially(highly unlikely) or 2. If it somehow rose high enough to flip the 200ma's trajectory upward enough that the 50ma's trajectory couldn''t catch up to it(almost impossible) So overall probability favors moon time! Of course that's just my opinion not financial advice. Thanks for reading!
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