After a long decline from 0.95$ to 0.54$ XRP rebounded on the lower limit of the descending trend channel.
This turning has been confirmed by a RSI crossing the trend line from bottom to top. MACD is also about to give more bullish signs.
We´ve got several resistances on the way to the upper limit of the trend channel and the limit itself will be a severe resistance as well. So I think XRP won´t go directly to the top but within smaller waves.
The new and positive trend will be broken when XRP falls back on the descending trend line (black) coming from the chart pattern "3 descending peaks" and / or falling on the lower limit of the trend channel.
On the other hand, the trend would be confirmed if XRP reaches and breaks the next resistance (swing trend line at ~0,61$).
This turning has been confirmed by a RSI crossing the trend line from bottom to top. MACD is also about to give more bullish signs.
We´ve got several resistances on the way to the upper limit of the trend channel and the limit itself will be a severe resistance as well. So I think XRP won´t go directly to the top but within smaller waves.
The new and positive trend will be broken when XRP falls back on the descending trend line (black) coming from the chart pattern "3 descending peaks" and / or falling on the lower limit of the trend channel.
On the other hand, the trend would be confirmed if XRP reaches and breaks the next resistance (swing trend line at ~0,61$).
Comment:
Comment:
Forget about the first chart! It´s rubbish! (perhaps too hot in my office)