BCryptological

Rising Wedge formed on XRP, downtrend incoming

Short
BITFINEX:XRPUSD   XRP / U.S. Dollar
A very clear rising wedge is in play for XRP, combined with a primed Stochastic RSI , meaning a break through the bottom of the trend line down to $0.4 is highly likely in the next few hours (and bucking the trend, since most top coins are green to a few percent up at the moment - Ripple XRP may just be late to the party, with a nice move back up to follow).

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Comment: Right on schedule, we've broken down - just hit the play button on my prediction above to see it play out. Expect initially to drop to the previous low when the rising wedge began, so between 0.40261 and 0.40470.

Comments

Very good call. Thanks a lot. I'm going to follow you.
+1 Reply
BCryptological Polyphemus
@Polyphemus, Glad I could be of assistance! Best of luck in your trading.
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