Refer to Weekly Breaker Chart - but we are just about there. Nice.
Now looking for some validation of potential bullish price action - namely:
- OTE and reaction of Weekly Breaker
- Weekly SFP printed
- Weekly Hidden Bullish Divergence
Failed SFP would need a rethink of where XRP is really headed.
Remember - divergences on LTF can take time to come into effect. HTF divergence (e.g. weekly) = even longer.
Now looking for some validation of potential bullish price action - namely:
- OTE and reaction of Weekly Breaker
- Weekly SFP printed
- Weekly Hidden Bullish Divergence
Failed SFP would need a rethink of where XRP is really headed.
Remember - divergences on LTF can take time to come into effect. HTF divergence (e.g. weekly) = even longer.
Note
Lastly - don't be surprised to see a murderous candle/wick down to clean out the heavy long positions before we see any bullishness.Note
Lets see how weekly closes before commenting further
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.