XRP/USDT is close to the tip of a falling wedge and looks like it's about to break out.
Strong bullish divergence on the last drop and the current price action looks very bullish, price already moved over the downtrend and we should see another leg-up within the next few candles.
Double bottom on the 4hr 200 MA as well.
It's currently showing a very similar pattern as the one it formed before the pump from 50c upwards.
Same as always - buy close to the tip of the wedge or buy the re-test after breakout which in this case is now.
Good luck and let me know what you think!
Strong bullish divergence on the last drop and the current price action looks very bullish, price already moved over the downtrend and we should see another leg-up within the next few candles.
Double bottom on the 4hr 200 MA as well.
It's currently showing a very similar pattern as the one it formed before the pump from 50c upwards.
Same as always - buy close to the tip of the wedge or buy the re-test after breakout which in this case is now.
Good luck and let me know what you think!
Comment:
What a beautiful breakout:
