Daily XRP chart shows "Early Signs" of trend reversal
Updated
The MACD is very close to having a bullish crossover. The DMI still shows BEARS in power for now, but is showing early signs of an incoming bullish crossover. I believe that when this DI crossover occurs our ADX will push past 25 points giving a good signal of a solid trend reversal. Slow stoch is giving us a heads up of potential upward price movement. On top of all this XRP did break out of a descending price channel, showing that the bulls are ready for their next run. I beleive that in short time we will have a huge market boom. Questions or comments?
Note
Closing out a green candle tonight and one more tomorrow would really solidy the reversal. Be patient.Note
Soldify***Note
Solidify*** wow lol
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.