Right now we’re at the bottom of with a candle that has everything to close , but we still have room to go down some more before the reversal. In the very short-term, we’re likely to have a slight climb.
Let’s take a look at each indicator of our setup…
– We’re not yet at oversold levels, but in the broader context it looks like we’re already on the rise in the . So, it’s very possible that we’ll not go down to oversold levels in the short-term.
– Although it’s pointing down, it seems more that it will rise to overbought levels than continue the decline in the short-term.
– We’re virtually already at oversold levels, which reinforces a likely rise in the very short-term.
– The blue line is below the red line, but it seems to rehearse a timid reversal.
XRP, also known as Ripple, has passed for a crash and is still experiencing it. But we can already feel the approach of the bottom.
Conclusion: If you’re thinking about buying XRP, we recommend that you wait for an emerged crossover, which has not happened for some time and should finally indicate a trend reversal. Also, watch the ( ) closely and don’t buy if it’s at overbought levels (80) or close to that. In the buying position, oversold levels are essential for a safer margin. Psychological and mindset are also indispensable… don’t get carried away by emotions and don’t despair if a temporary reversal happens. On the other hand, it’s important to define a stop loss in your trades… especially in pairs under turbulent phase like this one. We’ll let you know when an important emerged crossover occurs. Stay tuned for future updates!
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