- September 15, 2020
- Posted by: Tradingshot Articles
- Category: Uncategorized
Ripple is trading within a Channel Up since the March bottom. The price is currently consolidating near the Higher Low trend-line but the LMACD has just made a Bullish Cross. Last time that happened, XRP touched the Higher Low trend-line and started the aggressive rebound towards the Higher High trend-line. Notice also how the RSI made contact with its March ascending trend-line.
All the above point towards a bottom (Higher Low) and all eyes are on the next Higher High, potentially at $0.4000 (based on the decreasing rate of each rise).
Most recent trade on XRP on a perfectly calculated bottom buy signal:
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