After looking at the latest Ripple price movement, I have come to the conclusion that the instrument is about to continue its bullish trend as:
- the price has broken the narrowing price channel on April the 2d and then retraced to the previous zone of support of the previous price highs;
- the instrument is currently moving above the blue Alligator line (Jaws) with AO indicator above the zero line which is also a bullish indication
Thus, I forecast a bullish scenario for XRPUSD and will be looking for buy signals on the daily chart or intraday timeframes, Such signal could be a "Saucer" signal according to Bill Williams trading strategy.
- the price has broken the narrowing price channel on April the 2d and then retraced to the previous zone of support of the previous price highs;
- the instrument is currently moving above the blue Alligator line (Jaws) with AO indicator above the zero line which is also a bullish indication
Thus, I forecast a bullish scenario for XRPUSD and will be looking for buy signals on the daily chart or intraday timeframes, Such signal could be a "Saucer" signal according to Bill Williams trading strategy.