Cryptoray8
Long

XRPBTC nearing the end of bearish trend

BINANCE:XRPBTC   XRP / Bitcoin
RSI has been on an upward trend on 1D chart. But previous trends suggest it makes 4 lows with successive higher lows on RSI . The current low is 3rd and we may see XRP a little lower before it reverts to uptrend. However, this is good time to buy XRP. the trend may be similar but once starts to move up it gives little chance to entry. Its better to slowly accumulate while it is oversold category than wait for the trend to reverse.

The current target is hard to determine. If the fourth low will be similar to the third low so this is a good area for accumulation.

A optimistic target would be 186.24% of the current value, which would be .000145925. But a real target would be 147% .0001259. These targets are based on the previous uptrend from September 2018 to December 2018.

Note: the trendline on the RSI is just to denote and upward move. It is not a support line.
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