Hi I see some positive reversal signs on ETH/USD
1-Two Hammers at the bottom and upward trend after that.
2-AO is going up that means negative momentum is dying.
3-Stoch is going up that means people are buying it.
I will monitor this chart and wait for more signs before making a possible entry on ETH.
Remember this is just one of the possibilities and this ...
Following up with my yesterdays chart where I drew impulsive wave I have further confirmations that XRP is about to reverse.
1-Wave 2 is confirmed by the negative AO
2-Stochastic is less than 20% and going up.
Once we see a hammer and price range crosses the end point of wave 1 we will have the third and final confirmation for a reversal and we ...
Etherium continues to follow downward channel for the time being. Just wait and watch at the moment. When it breaches the Channel it will go in the direction it came in. which is downwards. I would stay away from buying Etherium unless I have to buy some ICO because they adjust the price accordingly.
XRP finally showed signs of an impulsive wave after an inverse Head and Shoulders formation clearly visible on Daily Chart.
We are currently in Wave 2 which is reversing to form Wave 3. I have used Fibonacci extension for possible end point of Wave 3.
Wave 4 can not enter the region of Wave 1 and I have used support line from wave 2 to making possible starting ...