Short-term bullish divergence
Left chart - 1HR: We can see a small bullish divergence forming over the past 2 days. To be explicit this does not mean it will rise, but it's a factor speaking for it. Moreover, this is a short-term signal.
Right chart - 4HR: On the long-term chart there's not too much positive price action. ADX indicator is showing a strong downward trend, which was caused by the SEC controversy. While I personally don't think this will impact XRP in the long-term, I do believe this will have a negative effect on price for the coming months.
Verdict: I expect at least a short-term recovery, to around 30ish cents. Perhaps this will come in the form of a bear flag that will continue/initiate a lasting downtrend. Too early to say.
Right chart - 4HR: On the long-term chart there's not too much positive price action. ADX indicator is showing a strong downward trend, which was caused by the SEC controversy. While I personally don't think this will impact XRP in the long-term, I do believe this will have a negative effect on price for the coming months.
Verdict: I expect at least a short-term recovery, to around 30ish cents. Perhaps this will come in the form of a bear flag that will continue/initiate a lasting downtrend. Too early to say.
Trade fermée: cible de profit atteinte
Closed 2/3 positions at 31 cents, reached 30 cents as predictedTrade fermée manuellement
3/3 positions closed, last one at 37 cents its a good success
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.