DrDovetail

Golden Cross on 4hr chrt as XRP clears 200ma on 1 day chart

BITFINEX:XRPBTC   XRP / Bitcoin
Now that we have hit over 50 cents and for a brief few hours xrp became number 2 over ethereum by market cap it is consolidation time....this is very healthy as both the 1 day and 4 hr charts were very overbought and we want xrp to sustain this price range and not just experience a pump and dump...SHown here is the 4hr chart to illustrate the 4 hour golden cross but on the 1 day chart the price action is also well above the 1 day 200ma now which if it can sustain these price points can and it just starts ceating bull flags that it breaks up from which judging by the weekly descending triangle pattern we busted up from it likely will then we should see a golden cross on the day chart before too long as well..hopefully by early october...a 1 day chart golden cross would be a mega bullish sign...and I'm still hopefull that we can climb back above $1 an even $2 within the next month or so....of course keep an eye ot for any bearish chart patterns to start forming to avoid any dumps that could occur with parabolic pumps....this one fortunately has decided to take a breather which means its price is more sustainable than if it had just continued to skyrocket.
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