Wave is forming on the XRPUSD
As we can see, the wave already has three steps. So, I would say that the price would complete the 5 step wave and go up.
The MACD is still in a downward direction, which means the next wave step could be a downward movement. The two lines twist together, and the downward trend becomes milder and milder. This could indicate that the downward trend could end soon.
The RSI does not indicate too much information, however, we can tell that the recent downward trend could be a signal for the next step.
Let’s expect the next step of the wave.
The MACD is still in a downward direction, which means the next wave step could be a downward movement. The two lines twist together, and the downward trend becomes milder and milder. This could indicate that the downward trend could end soon.
The RSI does not indicate too much information, however, we can tell that the recent downward trend could be a signal for the next step.
Let’s expect the next step of the wave.
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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.