TiborVrbovsky

Ripple Ready for Another Bull Run?

BITFINEX:XRPUSD   Ripple / U.S. Dollar
Hey, I am back with another Idea.

This time looking once again on Ripple, on my last idea on XRP you could make up to 25% profit, but this time it looks different.

Ripple has broken the downtrend by reaching its support and has bounced from support and smashed the downtrend. XRP is also known for its crazy breakouts, no the breakout in december wasnt the first one.

Indicators
RSI -Since 1.13. 2018 we were downtrend with RSI under 50, that was really bearish Indication that we could not hit more than 50 RSI , well we were in Bear market and we can still be in this bear market, but with all thelong green candles and High RSI , the market could change. We were even really oversold.

MACD - After a long time looks bullish . Last time after the breakout MACD looked bullish was on Feb 10. - 21.and you could still profit from that trade about 30%.

For now, thats all.
If this chart gets some attention, I will update, Thanks!
Comment: Closer look at MACD.
Comment: Demand for XRP is increasing.
Comment: Low buying volume, but way less selling, this really now depends on RSI.
Comment: Pennant.
Comment: That´s a really great looking pennant! Its should break to around 80cents.
Comment: 37% already, this is how Ripple could look if the elliott wawe was same as before
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