hi guys, keep checking on this, its broke out the falling wedge, also above the 21 moving average and pushing above 50 on the rsi if we stay above 50 on rsi uptrend confirmed
If you can hear me, great!
If not..
I am highliting that there is a decent amount of correlation going on with XRP and XLM, in comparison with BTC.
HOWEVER
As of recent, the correlation seems to have swayed to negative correlation.
Remember, one coin is based on decentralization, and the other/s are based on the polar opposite, on the side of banks...
Also,...
We have broken the bottom of our range (yellow line), I would now look to short the first test of the level (red line) and stop loss above the swing high (green line) and aiming for the next support line.
Previous idea for a bounce off the trend did not work. Trend has now broken on the weekly. could be a bit quiet this week (or even move up a bit, as it's very oversold on lower time frames) , but we should start seeing more movement south when/if it refuses to get back in to the trend.
