The price action shows that it can't continue in his uptrend, we can see high lows and low lows. That's a bearish signal.
If we look at the chart, we can see a rising wedge forming a bear pennant, so I hope to see an incoming bounce to the 6000$ area.
The ADX has lost his force, there is a negative divergence and the stochastic shows already red bars. So we...
We are in a range, after have touched the lows we'll search the high part of the range near to 6k. The top of the range will be the same that the 100 EMA, and I plan sell there.
RSI is in uptrend and ADX negative, so we are in a range.
I have opened my LONG at 5200 and i'll close it at 6k.
After we'll reach the top of the range, I hope we are going to see a...
The structure shows the same waves in a corrective downtrend.
A negative ADX is a sign of a range or a small bounce.
The ADX has bouced to .30 zone.
I expectect a bounce to the 8300-8400$ zone and after that, the final wave C near to 6600-6800$.
XRP se caracteriza por ser una criptomoneda bastante estable. Es la única con mínimos crecientes del criptomercado, además de estar más separada del movimiento que realice BTC.
Ahora que está cerca de tocar su zona de soporte (mínimo creciente) podría desarollar un patrón de impulso alcista basado en las Ondas de Elliot.