Ripple - Retest or break out of the falling wedge
We have two possible ways to go here:
Falling Wedge
Bullish breakout of the falling wedge and retest of upper resistance.
Retest of triangle Support
Dropping out of the wedge and retest the support of the triangle.
Daily:
- MACD seems to cross bearish again
- RSI still not oversold
- Volume decreasing
- Dropped below EMA 100
+ EMA 50 tested
4h:
- volume decreasing
- MACD flat
- dropped below EMA 50 and EMA 100
+ RSI oversold
Depending on the BTC market, i think a retest is more likely to happen but we should look closely now as we are coming to the critical point.
Falling Wedge
Bullish breakout of the falling wedge and retest of upper resistance.
Retest of triangle Support
Dropping out of the wedge and retest the support of the triangle.
Daily:
- MACD seems to cross bearish again
- RSI still not oversold
- Volume decreasing
- Dropped below EMA 100
+ EMA 50 tested
4h:
- volume decreasing
- MACD flat
- dropped below EMA 50 and EMA 100
+ RSI oversold
Depending on the BTC market, i think a retest is more likely to happen but we should look closely now as we are coming to the critical point.
Komen:
Tested the double window mode but i think its too much.