Ripple (XRP) Falling Wedge + Bullish Divergence (1,148,300%)

Ripple (XRPBTC) just printed a lower low compared to May 2020... We've seen altcoins produce a strong comeback lately right after breaking below support.

The same level XRPBTC hit earlier today and yesterday as support was also hit 3 years, back in December 2017.

This lead to a very strong bullish wave.
Here is the chart:

When you look at the ATL back in Dec. 2017, we can appreciate a bullish wave of 1148300%...
If we look at the mid-Dec. low, then we have over 1540%.

Right now, XRPBTC is bouncing off this same support level so a strong bullish wave can potentially follow.

Remember that you still need to build a plan/strategy before you trade. Use a stop-loss and be patient.

Always diversify and take your time before taking any action.

Patience is absolutely key.

Namaste.

تعليق:

Let's have a look at Bitcoin and see what it has to say.
I will share another update on Ripple (XRPBTC) but on the daily timeframe.

Thanks a lot for your continued support.

Namaste.

تعليق:

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