The graph shows that Bitcoin begins to fade in the face of the Ripple XRP; the party will begin but do not panic, because the price of BTCUSD is quite low.
Being the reference currency in the Crypto market, I think that it is very important to refer first and foremost to the altcoins prices against Bitcoin, a bit like the major currencies in the Forex market.
With a BTCUSD price of 8000 ~ 8200 :
The break of our trend line in dotted green, sends us to a price of approximately $ 0.32 in 1st target, then to $ 0.46 for a second target.
I think the 2 targets will be reached by the end of the week provided that the RSI continues its descent into the sales zone, as you can see on the graph, in the same way that the slow average has just passed over the fast average on the MACD and the histogram is switched to negative, represented by the first red bar of the histogram circled in yellow. October is decided as the flipping month of this trend and the next quarter could be very positive for our 2 pairs XRP / USD and XRP / BTC which I am particularly fan.
Guys If you have constructive comments, please let me know, it helps me to improve my trading. If you like the idea, do not forget to like it, it will give more visibility, and so we can have the opinion of several traders.
I wish you a good trade at all.
Transaction en cours
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Commentaire
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Hello,
The median is now broken, we should reach our 1rst target of 0,3264.