Jan 16, 2019 --- Altcoins
The fact that XRPBTC continues to hover above the 0.0000xxxx level despite the move below the ascending triangle uptrend line late last week shows just how strong the bulls remain relative to those in the other majors, and today we are getting a blue SCMR reversal signal coming off of the top of the upper demand area and volume profile PoC which is retesting the broken trendline, all good signs for the bulls moving forward. So are the still rising longer-term SMA's, the recharged momentum oscillators, the steady volume indications, and the still bullish Ichimoku Cloud, all of which should help the bulls play defense over the coming days. That said, if 0.0000xxxx is broken to the downside in the near future then panic move down to the 0.0000xxx region is likely before the bulls return which is why we are staying cautious until further notice despite our still intact bullish bias overall.
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