Many of D4rkEnergYs fans have requested his take on Ripple. And since D4 loves you guys, he decided to give you an exact way to make money on RIPPLE....IF. He will get back to that later.
As we can see on the 4h XRPUSD chart, Ripple has had a tough time when BTC had its retracement down to 6k. XRP had a pullback more than 80 % percent. Ripple has now recovered a little, and are in a uptrend. It seems like it has already made its first and retraced as it should (2nd wave) and now climbing up at the 3rd.
On its way it has so far managed to climb through EMA50 and EMA100. So far so good. We are still in an overall downtrend, and are at this exact very moment facing the EMA200, which acts as huge resistance.
An has now taking form, which normally is a sign. But be careful my beloved fans. Take a look at the . Its making a . This is what we call a divergence. is pretty indecisive, and doesnt help us right now at this moment.
The is low. The last 6 candles are under the MA20, which indicates something soon will happen. The emphasizes this too.
So here are the 2 scenarios.
1. The divergence normally predicts we will go down. If that happens, then just HODL.
2. If the bulls manage to break up and through the triangle and the EMA200, then buy! But wait for solid confirmation. A nice green Marabozu candle with good volume! The blue box is your target. And remember to put a stop loss right under the EMA200.
You are welcome, guys! D4rkEnergY is here for you.
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But remember always to look after divergence. Whether it is bearish or bullish.
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