XRP/BTC out of the 20 month downtrend!
Actualizado
Having a good look at the charts, I drew the trendline from 2nd High of Jan 18, and the baseline from weekly close 17/4/17, and from how it looks with multiple tests and rejections and even long slow slide (yes XRP loves that one...;) along the downtrend line, I believe we actually broke out from this trendline 7 days ago, and have since retested it twice.
Below you can see multiple strikes along the line and the aforementioned slide....
Then the easy breakout, hit, distract and then climb over and then a couple of lazy retests....
An even closer image....this all leads me to believe that XRP/BTC is out and going to do it's own thing very soon, as you can see above the 10SMA and just below the 21 EMA - squeezed in there, if we break above the previous 2754 sats, we will then probably trigger a nice cross..and get a good Stoch cross as well..looking up I think...;)
Thanks for looking and let me know what your thoughts are in the comments. Cheers
Below you can see multiple strikes along the line and the aforementioned slide....
Then the easy breakout, hit, distract and then climb over and then a couple of lazy retests....
An even closer image....this all leads me to believe that XRP/BTC is out and going to do it's own thing very soon, as you can see above the 10SMA and just below the 21 EMA - squeezed in there, if we break above the previous 2754 sats, we will then probably trigger a nice cross..and get a good Stoch cross as well..looking up I think...;)
Thanks for looking and let me know what your thoughts are in the comments. Cheers
Comentarios
On the LTF 4HR, symmetrical triangle w/ breakout target of 3000 sats,triangle looks good so far with PA staying above the horizontal,
I would like to see more volume so at the moment give it a 70/30 chance.
Expected in the next 24-36 hrs.
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