ThinkingAnts
Short

"Top and Bottom Analysis" RIPPLE (XRP/USD) by ThinkingAnts

BITFINEX:XRPUSD   XRP / U.S. Dollar

4H CHART EXPLANATION

- Price bounced from the top of the Weekly Descending Trendline and then broke the Ascending one.
- Bearish Divergence on MACD .
- Potential movement towards 0,30165. We are looking for sell setups in lower timeframes.

Updates comming soon!


MULTI TIMEFRAME VISION:

- Weekly

- Daily
Bearish divergence developed on the MACD on Apri 6th, and was followed by a drop from about .37 to .32

I'm waiting on bullish divergence now.
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