In the first box, you can see Bulls needed a few weeks to make their move. The Bears needed many months trying to push for a 100% retraction that never comes.
In the second box, you can see the same pattern. This time the falling wedge is way bigger than the first.
Bullish divergence on volume (in billions), you can check it out on OBV - On Balance Volume.
We...
3666 local target, 5k monthly target. 15k The parabolic God move.
Adding longs to every dip and building position.
If break, 1.4k sat target
Keeping eyes on 382 and 236
Technical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002950 to 0.00002400). if so, traders can set orders based on Price...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.
Often Ripple is a leader in the number of transactions.
At this chart we see a large rising wedge and a double top inside that have already worked, a breakout has occurred and now the price is consolidating between key levels and MA100 MA200.
Stoch RSI is overbought and will soon begin to...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.
Perhaps we have just met a double bottom and this is the reversal point of the uptrend. In this case, we can take the target near 0.00003000.
It supports with a bearish div on RSI .
The main thing is not to catch a false breakout, so it's worth to wait for a breakout with...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.
The formation is very similar to an ascending wedge, for which the target is a breakout the support line, this is also in accordance with the strong bearish divergence by RSI.
But there is also an another side where XRP is on a good bullish wave and not so far we can observe the upcoming...
BINANCE:XRPBTC
Just a quick one. Xrp/btc is probably about the best bet for big gains in the near future, we are in the bullish terrotory on the rsi and i have a strong suspicion that btc will make alot of quick rallies that dont hold while it tries to bottom out on this retrace. So I am staying away from it at the moment....
