xRPUSD - Buy the Dip
We have seen a pretty big correction play out. But with regards to the rise from 0.18$, it can be understood as profit taking.
We can read the chart as follows:
- Higher low is set.
- Divergence on the MACD.
- Lower Volume on the Sell compared to the Buy.
Looks like this a buy opportunity and not a disrupting of the Upwards trend on the Daily and Weekly charts.
*Not financial advice, but experienced based speculation*
We can read the chart as follows:
- Higher low is set.
- Divergence on the MACD.
- Lower Volume on the Sell compared to the Buy.
Looks like this a buy opportunity and not a disrupting of the Upwards trend on the Daily and Weekly charts.
*Not financial advice, but experienced based speculation*
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.