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rosnick
Dec 23, 2020 1:12 AM

XRP Regular MACD divergence Long

XRP / TetherUSBinance

Description

SEC lawsuit news created this huge FUD momentum and the price crashed.

But looking at the daily time frame, we can spot a regular MACD divergency which is considered a bullish signal for a trend continuation. Since we're in an uptrend (price above EMA, monthly resistance broke, invalidation of the bear market back in August) and we're getting the regular divergence, this is a sign of imminent pump.

Also keep in mind that bitcoin seems to have finished the retracement and it's challenging again ATH.

Comment

LOL
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