Crystalball0x

Hugh flag on weekly chart! Is ripple moving soon? Finally!

Long
Ripple is building a massive flag on the weekly chart! Considering that coin is backed up by banks, I do not see that being a bearish one.

ADX is set up for being bullish. Green is already above red and both go parallel. If green crosses now the signal line and the signal line goes up as well, we have a bullish confirmation.

If MACD is going north and crosses the signal line, it will be a signal. As narrower the angle as stronger the signal.

RSI shows consolidation in the lower undersold area.

All in all it seems ripple is going to start finally to surge.


Disclaimer: I’m new to TA and solely try to contribute and learn. Feedback is welcome!

Good luck!
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.