Trade_nation

xrp long due to a huge wick rejection

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Price has faced a rejection at the blue support level multiple times in the past and has just faced a strong wick rejection indicating huge bullish momentum.
confluences:
-divergence at trend line .
-price action shows a drastic deceleration in the bearish momentum.
cons:
Indicators are showing otherwise (but this may be due to the lag of the MA).

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