Bullish Divergence| Equilibrium|Resistance| ALT Season?
Hello Traders,
Today’s chart update will be on XRPBTC with a probable bullish divergence coming to fruition if local resistance is broken.
Points to consider
- Trend testing key levels
- Local resistance to break
- EMA’s currently support
- Stochastics neutral
- RSI respecting trend
- Increase in volume
Trend is testing technical levels and holding, an evident bullish divergence is diverting XRP to change the current down trend. Local resistance is yet to break, a close above will confirm the bullish divergence.
EMA’s currently support, must hold true when local resistance is broken, worthy to note that it has been weak as of late.
Stochastics is currently neutral; a fall in any direction is probable. The RSI is respecting its trend, diverging from price by putting in higher lows whilst XRP puts in lower lows.
An Increase in volume needs to sustain when a break comes to fruition, this will increase the probabilities of a continuation.
Overall, in my opinion, XRPBTC is trading between two levels where equilibrium may come to fruition from this bullish divergence. Local resistance is a very key level to break as of now.
What are your thoughts?
Please leave a like and comment,
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
Today’s chart update will be on XRPBTC with a probable bullish divergence coming to fruition if local resistance is broken.
Points to consider
- Trend testing key levels
- Local resistance to break
- EMA’s currently support
- Stochastics neutral
- RSI respecting trend
- Increase in volume
Trend is testing technical levels and holding, an evident bullish divergence is diverting XRP to change the current down trend. Local resistance is yet to break, a close above will confirm the bullish divergence.
EMA’s currently support, must hold true when local resistance is broken, worthy to note that it has been weak as of late.
Stochastics is currently neutral; a fall in any direction is probable. The RSI is respecting its trend, diverging from price by putting in higher lows whilst XRP puts in lower lows.
An Increase in volume needs to sustain when a break comes to fruition, this will increase the probabilities of a continuation.
Overall, in my opinion, XRPBTC is trading between two levels where equilibrium may come to fruition from this bullish divergence. Local resistance is a very key level to break as of now.
What are your thoughts?
Please leave a like and comment,
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
