In favor of long setup due to several signals even though due to market unpredictability (mainly BTC/USD reacting to stock market/ oil prices / covid cases etc. which are all further interrelated with one another):
1. Visible on , one that spans across a long period on the
2. At the lower support line of a Falling
3. At the support line of the immediate previous months bottom and bounce back areas – multiple times tested
4. Within a larger (more transparent green color) from XRP/BTC first days tested several times in previous cycles.
5. MAs are starting to flatten and perhaps look up but I wouldn’t count this is a formidable buy sign.
This the first 4 points above point to a hope that XRP/BTC can regain some levels and take a breather.
Published at Tue, 24 Mar 2020 06:56:32 +0000