XRP - wedge breakout in April

2019년 3월 23일

Ripple is since December in down movement/correction which is regular correction time for bigger alt coins which ripple is. I see three possible breakouts in the next months. Before entering this trade a daily candle must close above the upper down trend line to confirm the setup. My personal opinion is that we will see the breakout in April after a fast down movement to shakeout margin long positions.

Indicators (RSI´s) showing soon a bigger up movement because stochastic and regular relative strength index are both near heavy over selled ( stochastic is already over selled but this RSI has not that big influence on the daily chart like the regular RSI .

I will make an update with targets if this setup gets valid.