D4rkEnergY is here with an update on Ripple! We are looking at the 4h XRPUSD Chart. After a hard pullback, it seemed like XRP, after a steep uptrend and some slowly but steady crawling, was starting to recover. We went into an . D4 gave you the warning in an earlier post, that we probably would FALL through due to the divergence ( made a ). And we did...
We are at this very moment facing a new , but the 200 right above our head acts like heavy resistance. On the other hand do we have hand strong support from 20 right under us. And also EMA50.
The is making a symmetrical triangle, which is neither nor . The same goes for the , which is indecisive.
I also want you to draw your attentions to the bars. The last 8(!!) bars have all been under the MA20 .
So one thing is for sure! Something very soon is going to happen. And here are the 2 scenarios:
1. The bulls will in the end exhaust the bears and finally squeeze them up and out from the yellow . That would be a big victory, and we would again cruise on the EMA200. The next target would be 61,8 % retracement level.
2. The bulls cannot handle the pressure. The will start to turn down, and once again the will make a , and ONCE again we have divergence, and we will go down. And we are not done yet. Hereafter a (Head and Shoulder) has formed, which probably will push the price even lower.
Let us see, my dear friends. It will be for sure be an exciting day!
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I can see, that some people wants to go long now. D4 wants to warn you, guys. A bear flag has now taking form, which suggest that we AGAIN will go lower. We might even reach the 78,2 % retracement level. The RSI and MACD still allow us to fall deeper.
D4 is here for you!