Refer to Weekly Breaker Chart - but we are just about there. Nice.
Now looking for some validation of potential bullish price action - namely:
- OTE and reaction of Weekly Breaker
- Weekly SFP printed
- Weekly Hidden Bullish Divergence
Failed SFP would need a rethink of where XRP is really headed.
Remember - divergences on LTF can take time to come into effect. HTF divergence (e.g. weekly) = even longer.
Now looking for some validation of potential bullish price action - namely:
- OTE and reaction of Weekly Breaker
- Weekly SFP printed
- Weekly Hidden Bullish Divergence
Failed SFP would need a rethink of where XRP is really headed.
Remember - divergences on LTF can take time to come into effect. HTF divergence (e.g. weekly) = even longer.
Comment:
Lastly - don't be surprised to see a murderous candle/wick down to clean out the heavy long positions before we see any bullishness.
Comment:
Lets see how weekly closes before commenting further