We have been bullish on XRPUSDT for a long while... Ever since the bullish bias was fully confirmed we stopped sharing updates and focused on the smaller Altcoins as it was just too obvious that we are entering a phase of higher highs and higher lows.
XRPUSDT peaked 23-January. 3-March a higher low was hit on a DragonFly Doji that activated the 0.618 Fib. retracement level.
This is the golden ratio of the Fibonacci sequence and a most important level for Cryptocurrency as a whole.
Each time this level is hit in a bull market, we can expect corrections to end, here this is likely the case.
Today's candle is pushing XRPUSDT above EMA10, EMA50, EMA100 and MA200.
The MACD is showing a bullish cross and the RSI has gone bullish.
All these signals are pointing to higher prices.
From 23-Jan. to 3-Mar. is also a long time for a correction after the initial breakout takes place.
We have many signals supporting the bulls.
It is what it is...
We go up, retrace/correct for a few weeks, then higher it goes. Rinse and repeat for years to come.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.