Long
XRP: BULLISH signs on the daily chart
Looking at the The Oracle, we can see several bullish signs on the daily XRP chart:
Now as always, after seeing such early signals, i try to find a trendline. And voila, there is one on the RSI acting as resistance.
So whats next?
As soon as the RSI on the daily closes above the resistance trendline, we can expect 3 outcomes:
I enter longs ONLY after the RSI closes above these trendlines.
- Stochastic very low
- Yellow/Blue long signal
- And bullish hidden divergences
Now as always, after seeing such early signals, i try to find a trendline. And voila, there is one on the RSI acting as resistance.
So whats next?
As soon as the RSI on the daily closes above the resistance trendline, we can expect 3 outcomes:
- - Pump: pump without retrace
- - Golden Pocket: Retest of the golden pocket after RSI closed above the trendline
- - StopLoss: If the daily RSI closes above the trendline, then stop loss is last local low (at $0.5965)
I enter longs ONLY after the RSI closes above these trendlines.
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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.
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.