Following up with my yesterdays chart where I drew impulsive wave I have further confirmations that XRP is about to reverse.
Confirmations:
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 should be ready to place our entry.
Bear in mind we have also seen an inverse H&S in Daily Charts. Green signals are piling and the bull is ready to wake up.
Remember this is just one of the possibilities and this is for educational purpose only and not a financial advise.
Regards
Sikandar
Confirmations:
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 should be ready to place our entry.
Bear in mind we have also seen an inverse H&S in Daily Charts. Green signals are piling and the bull is ready to wake up.
Remember this is just one of the possibilities and this is for educational purpose only and not a financial advise.
Regards
Sikandar