Ripple XRP E Wave of Correction Forming! Where Will it Go Next?

in #ripple • 6 years ago

Ripple looks like it is finishing the E wave of a triangle pattern ABCDE correction. One more low and then a wave three breakout could begin. The 9, 21, 55 exponential moving averages are inverting as we speak indicating the downturn for wave E. Once they reverse with the 55DMA on the bottom, 21 in the middle and 9 on top. Combined with upward divergence on the RSI, more volume on the MACD and a few strong candles the uptrend for wave three should begin. Remember if Bitcoin rockets people might jump on and alts could lag, so be careful and play smart.Screen Shot 2018-02-14 at 11.53.46.png
DISCLAIMER
This is just my opinion and a second attempt of publishing my technical analysis. This is not investment advice. You are responsible for any investment you make. I am not a technical analyst this is for entertainment purposes only.

#xrp #cryptocurrency #trading
6 years ago in #ripple by
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