obviouscapital000
Long

XRP-USD, W structure forming in a breakthrough from trendline

BITFINEX:XRPUSD   XRP / U.S. Dollar
One more to keep an eye on. This time its Ripple that as come to test the low of Dec last year and being tightened by the downtrend formed since the last April rally. The bears are losing their strength, but we still need more bull volume to confirm the “W” structure and to breakthrough the trendline . The indicators are favorable, MACD has a confirmed divergence and the Willy was heavily oversold and is now moving upwards.

Comments

Funny to see that the confirmation level is almost in 88.6% Fib from the previous rally.
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