Profound_Ambition

XRPUSD Daily

Profound_Ambition Diupdate   
Interesting scenario here, as price made a double bottom to support & accelerated through the descending trendline breaking the downtrend structure. Bulls in control & moving averages crossed over to the upside showing bullish momentum. Price made a large spike to trap new buyers & made a correction now at the 200 EMA & daily support region. 0.47000 region would be my preferred buy region where I will watch for an upside reversal..
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H4:
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BOOM
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