thekevin

XRP Bottom?

Long
thekevin Updated   
BINANCE:XRPUSDT   XRP / TetherUS
Bottom trend line holding. Bullish divergence. Expect a higher low to be made forming a minor wave 1,2 (or an 'inverse head & shoulders') breaking out of this wedge within the coming week or so.
Comment:
On the lower time frames there appears to be a 'double bottom' on the RSI + an even shorter term bullish divergence.

Comment:
Adjusted bottom trend line. Xrp never broke down with much vigour, hence why my lower trend line was slightly off.
Would like to see a big break out of the top trend line soon though.

Comment:
Taking a look at the wave count and fibonacci levels.

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