MichaelBlach

XRP breaking recent downtrend

MichaelBlach Updated   
KRAKEN:XRPUSD   XRP
We can see here that Ripple seems to be breaking the downtrend it has had for some time now, this could be an indication of an uptrend to come. We can also see that our 20W MA is about to cross our 50W MA, this is a golden cross and is a strong signal for an uptrend. If this cross ends up becoming reality coupled with this break in the recent trend we can see some nice rise ahead!
Comment:

Getting some support from Gann Line? Might see some rise here.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.