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!
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Getting some support from Gann Line? Might see some rise here.
thank you for the work! beginner question: how does the growing 24hrs volume affect the trend lines and the prediction on the end? is a rapdily growing volume in f.e. 6hrs an indiciator for a rise?
MichaelBlach
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@aresary, volume is not a good indicator of price or trend, it is more useful to dictate volatility.