XRPUSDT Forth Ascending Wave or First Descending Wave
XRP finished it's third ascending wave. As you can see It's moving toward the base of it's channel. The blue arrow line shows the moment that the uptrend started each time. XRP can start it's forth wave from the blue rectangle, the cross between arrow line and bottom of current channel. We can see a consolidation, the red rectangle, with big and strong red and green candles. Strong green candles besides strong red ones near bottom of channel can keep the price inside the channel. So the upward forth wave is more probable.
But in RSI 2h indicator, we can see a clear divergence. So the downward movement is possible too.
Between price action and indicator we should lay on price more in our analysis but I suggest you to just wait a few more hours and see what will happen at the blue rectangle. Whatever direction price gets, you can take a good profit from it.
But in RSI 2h indicator, we can see a clear divergence. So the downward movement is possible too.
Between price action and indicator we should lay on price more in our analysis but I suggest you to just wait a few more hours and see what will happen at the blue rectangle. Whatever direction price gets, you can take a good profit from it.
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