Our Short Term Oscillator has plenty of room to move up before XRP becomes Overbought. Price is at the resistance point for the last month and if it breaks the white line resistnace then it could make a big run.
Our Proprietary Oscillator is negatively diverging from price and a pullback appears imminent. Notice that if our price target is hit then a Head and Shoulders Top would also have formed. You can view other trades on our twitter feed @tradingbtc1.
Binance recently announced a hack but the price chart had already started to become vulnerable to a pull back. Our Proprietary Oscillator is showing a negative divergence in the 2 grey boxes so price looks vulnerable at this point. The dots on the oscillator are starting to widen to the downside which means momentum is started to accelerate to the downside so...
Our proprietary oscillator is negatively diverging from price as well as the previous low in the oscillator and this would suggest that a big pullback in price is coming in EOS.
Target price may be as low as $3.80 if and when the price breaks down below the uptrend line.