Wolverinos
Long

21 EMA about to pass 200 EMA !

BITFINEX:XRPUSD   XRP / U.S. Dollar
Although to indicate a real bull run all EMA's should be lined up correctly, if bitcoin would turn bullish at the end of its own large pennant , this could be an indication of a reversal.

21 EMA: light blue
200 EMA: green

XRP stays exactly above the 200 EMA
21 EMA is about to cross the 200 EMA , which should be the first time since April 26 this year.

If 21 EMA stays above the 200 EMA & breaks through the blue descending parallel, we have a winner.
It should happen fast, tomorrow at least.

The one thing that should happen is volume .
Volume is relatively low, and in straight decline.
Though we are still hovering on a serious level, on top of a break out of a long descending wedge
This should normally only go up.

PS: on the publication of my idea you won't probably have the option to see the future of the EMA's. Just put your chart on the daily time frame and add/adjust those EMA's in the indicators.
hello, is there any update on your plan ??
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@mbk_, no, because it's all bitcoin now.. check my last post
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@mbk_, but more chance we will go to the upside with bitcoin, so the 21 ema should pass the 200 when bitcoin goes up of-course
Bitcoin just broke for first time through yellow descending trendline since February ! It's walking on that trendline, so no real confirmation yet but high probability :-)
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xrpbtc
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You shouldn't care too much about the volume. It always comes out of nowhere. There also was no volume before that pump started in the second half of September. It
+1 Reply
@Salmin, yes, that's what I mean... volume is in a straight line down... it will go straight up as well at some point
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