XRPMXN (Ripple/Mexican Peso) Time for bulls

- See how exact is the development between waves 3,4 and 5 from the uptrend ( Wave 1 of the super cycle) and waves 3,4 and 5 from the downtrend (Wave 2 from the super cycle).

- Both periods, from wave 3 to 5, took almost the same time (133 candles vs 139 candles).

- We have reached a .78 correction level on fibonacci retracement.

- We have completed 5 waves of the corrective impulse.

- If you can see, there is also a divergence between the price and the RSI Stoch, which could mean a trend reversal signal.

- We have closed the lowest price of the trend with a hammer candlestick, which also could mean a trend reversal signal.
CryptocurrencyTechnical IndicatorsLONGrippletraderTrend AnalysisWave Analysisxrp

Also on:

Disclaimer