XRPMXN (Ripple/Mexican Peso) Time for bulls
- See how exact is the development between waves 3,4 and 5 from the uptrend ( Wave 1 of the super cycle) and waves 3,4 and 5 from the downtrend (Wave 2 from the super cycle).
- Both periods, from wave 3 to 5, took almost the same time (133 candles vs 139 candles).
- We have reached a .78 correction level on fibonacci retracement.
- We have completed 5 waves of the corrective impulse.
- If you can see, there is also a divergence between the price and the RSI Stoch, which could mean a trend reversal signal.
- We have closed the lowest price of the trend with a hammer candlestick, which also could mean a trend reversal signal.
- Both periods, from wave 3 to 5, took almost the same time (133 candles vs 139 candles).
- We have reached a .78 correction level on fibonacci retracement.
- We have completed 5 waves of the corrective impulse.
- If you can see, there is also a divergence between the price and the RSI Stoch, which could mean a trend reversal signal.
- We have closed the lowest price of the trend with a hammer candlestick, which also could mean a trend reversal signal.
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