This is what i predict, given we are overbought and the strong sentiment in crypto land at the moment - time frame could be different, but i think this is where we are heading! Give me a like if you agree!!
Have a great day!
In my opinion the long over due bullish activity could well symbolize the start of a trend reversal, it's still way too early to tell, but this bullish wedge might give us some hope of a trend reversal if it can break out! Also the Stoch is heading to oversold territory which could also be a great indicator that even though the price change has been positive it's...
It will be intersting to see if XRP can hold above .3200. If so i believe we might see a slight bounce back to .3500 but then lower lows and lower highs. We have a while to wait before this bear market is over!
I'm looking at a very oversold GBP right now, looking at an interesting wedge which may transpire in to GBP breaking to the upside very soon. Good luck all, once again, this is a technical perspective, with Brexit in the catastrophic state it is, fundamentals are playing a huge part!
Good luck all
So much negative press today. As recently stated in my other charts the price is driven purely by fundamentals with technicals coming to the rescue in this case. I wonder what's next? Hopefully May will get the job done and we can all be very long on GBP until the spring.
Crypto is very unpredictable right now, if history repeats itself, this time of year is the most fertile, however a sneaking suspicion this year may be a little different and it might well keep us waiting a little while longer before another bull run commences.
Have a good weekend.