The line on the chart stands for EMA34. Notice two things about this level: 1) It was challenged 7-April but the action closed above. 2) The action "now" remains above this level but it has not been tested again, this is a bullish signal.
When it comes to the weekly timeframe, long-term, XRPUSDT continues bullish, with a bullish bias aiming higher. What we are seeing now is consolidation, accumulation, nothing changes and we can expect more growth.
Yes, the market shakes a little bit but this is the classic short-term noise. Zoom out, what do you see? You see just a few candles, red and green, but no change at all. The market is advancing to the side, after this side-advance, it will advance up; a bullish jump.
EMA34 sits at $2.01. We are strongly bullish above this level. We can expect growth in matter of weeks. Can be 1-3 weeks but it can also happen within days.
The retrace was small, consolidation has been going long enough. We are ready to start the next bullish wave.
Namaste.
When it comes to the weekly timeframe, long-term, XRPUSDT continues bullish, with a bullish bias aiming higher. What we are seeing now is consolidation, accumulation, nothing changes and we can expect more growth.
Yes, the market shakes a little bit but this is the classic short-term noise. Zoom out, what do you see? You see just a few candles, red and green, but no change at all. The market is advancing to the side, after this side-advance, it will advance up; a bullish jump.
EMA34 sits at $2.01. We are strongly bullish above this level. We can expect growth in matter of weeks. Can be 1-3 weeks but it can also happen within days.
The retrace was small, consolidation has been going long enough. We are ready to start the next bullish wave.
Namaste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.