The outlook for alternative cryptocurrencies occurs bleak to Bitcoin, as a renewed trade war that potentially erupts between the United States and its major trading partners can threaten to destabilize the global economy. Some coins are still flashing bullish tips.

For example, the XRP/BTC ratio teases a step across the Upper Bollinger tape on the monthly chart for the first time since 2017, which suggests a significant XRP Tyr running ahead.

Bollinger bands are volatility tapes plus two and minus two standard deviations over the 20-period (day/week/month) Simply moving average of an asset price.

The break over the top band represents a bullish imbalance on the market, and prices typically maintain lead for several days in a pattern called High Momentum.

Dealers who track price patterns typically jump in with long as prices move past the top band, which is a sign of a bullish imbalance on the market. Breakouts after long -term consolidations between ties tend to be more reliable.

The XRP/BTC ratio rose almost 200% after Bollinger Band Breakout in April 2017, marking a bullish resolution for long -term trade in low volatility.

Let’s see if the story repeats itself.