XRP has formed a wonderful falling wedge on the daily chart. Although, indicators are quite near bottom there are not many buy signals.
Stochastic has not crossed over, ADX is bearish and confirmed the strength of the downtrend.
That in combination with the low volatility on indicated by the RVI leads me to believe we will see more downward price actions towards the end of the wedge.
Watch for a bull cross on the stochastic, a topside break of the wedge, thinning of the Kumo, and an upcross on the chikou!
Stochastic has not crossed over, ADX is bearish and confirmed the strength of the downtrend.
That in combination with the low volatility on indicated by the RVI leads me to believe we will see more downward price actions towards the end of the wedge.
Watch for a bull cross on the stochastic, a topside break of the wedge, thinning of the Kumo, and an upcross on the chikou!
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