Ripple (XRPUSD) Giving Out Multiple Bullish Signals

5 ott 2020

Looking at Ripple vs the U.S. Dollar, AKA XRPUSD, we have multiple bullish signals.

On this altcoin pair, the correction ended at the 0.618 Fib. retracement support level.

If you have been reading my charts, you can notice that altcoins tend to bounce at the 0.786 Fib. level... But as the bullish cycle becomes stronger, they start to bounce higher.

We will see altcoins pairs bouncing at 0.618, then 0.5 and finally at the 0.382 fib. retracement support level rather than below 0.786... This is completely normal.

At the same time notice that the MA200 black line wasn't hit, instead prices bounced before hitting it... This is a signal of strength.

• The STOCH is moving up.
  
• The RSI is above 50.
  
• And the MACD is above the signal line and trending higher.
  

We also have present the "3 heads pattern" or what people call "Inverse Head & Shoulders"...

With that said... The charts can always change.

My friend, do not buy in a rush, there are always endless opportunities available for all of us.

Make sure to build a plan/strategy, before jumping into any call.

Namaste.

P.S. The "3 Heads Pattern" is perfectly depicted on this BTCUSD chart:

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