✴️ XRP Bullish Signal (Quick & Simple)

After three days of correction/red (30, 31 Aug & 1-Sept), XRP is showing early recovery signals.

This is an important bullish signal because the three days were strong yet weak.
The three days pushed prices below MA200 but XRP is recovering today.

When we go below support just to recover quickly; this becomes strong bullish signal.

This is all happening within a higher low and thus gives further strength to the signal... This might be it, meaning, we can go green easily from this point forward.

Note: The chart can always change and confirmation is needed as this is an early signal. Confirmation happens as the day closes above MA200 (0.5055). Invalidation happens if anything bearish takes place.

For this signal to be valid, we would need to see straight green from now on; pretty straight forward.

Thank you for reading.
I hope you find this information useful.
I am wishing you an amazing week tomorrow and great joy starting today.

Namaste.

評論:

It is looking good.

We can see MA200 going down, inversely XRPUSD goes up.
They meet until there is a cross as the market momentum turns, from bearish to bullish.

評論:

On the daily timeframe we have the same technicals as yesterday as prices trade above MA200.

There was already a wick lower today, so so far looks good.

評論:

This analysis continues valid and is being reinforced based on what is happening across the entire market.

The Altcoins growing is bullish for all Altcoins.

You can find more info in the trade idea below, I share dozens of Altcoins doing crazy numbers and explain what is coming to Cryptocurrency this month.

September 2023 Roadmap.
(1) Chilling, (2) Bullish, (3) Massive/Strong Growth!

Namaste.