XRP presents a graph in my opinion devastating.
it is at a point of compression of volumes and prices which, if this continues, will lead to an explosion in prices to the upside.
I find the BB indicator a very useful tool for price compression and at this stage it gives strength to my analysis.
You can see how both TF W and D have the same signals in common, strengthening the whole thing even more.
the MA 10 and 20 support the price and are using it as a support, should it remain so it is an indication of the end of the compression and the beginning of a new (explosive) uptrend.
What do you think about it??
it is at a point of compression of volumes and prices which, if this continues, will lead to an explosion in prices to the upside.
I find the BB indicator a very useful tool for price compression and at this stage it gives strength to my analysis.
You can see how both TF W and D have the same signals in common, strengthening the whole thing even more.
the MA 10 and 20 support the price and are using it as a support, should it remain so it is an indication of the end of the compression and the beginning of a new (explosive) uptrend.
What do you think about it??
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