This is our “Every-Monday” report on RIPPLE with a full vision over 3 timeframes.
4H CHART EXPLANATION:
- Price broke the Ascending Trendline and then pullbacked it. - We have identified a 12345 Elliot Count and price is now on an ABC Elliot Structure, developing a potential C movement towards the previous resistance zone. - Bullish Divergence on MACD. - After this, if price breaks 0,31698, it has potential to move down towards 0,3.