XRP / Tether USDLong
Ripple analysis (1hr)
Updated
Probably a bullish falling wedge pattern (reversal) forming.
RSI also shows bullish divergence.
But DMI shows a bearish trend, so I do not recommend buying now.
However, sellers are weakening.
Pending buy orders may be placed above the local swing high at .205 – .208
Good luck!
RSI also shows bullish divergence.
But DMI shows a bearish trend, so I do not recommend buying now.
However, sellers are weakening.
Pending buy orders may be placed above the local swing high at .205 – .208
Good luck!
Note
The market broke the resistance, I think this is a good signal to buy.Note
XRP excellently broke through the resistance and reached almost 20% growth. At the moment it seems very likely that a bull pennant is being formed. But you need to be careful, this pattern sometimes does not work.
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