Ripple - Falling Wedge + Bullish Divergence = Uptrend Begins?
Updated
The price is forming pattern called The Falling Wedge and is considered as a Reversal Pattern. This pattern usually ends up changing direction of the trend upward.
RSI & MACD are making higher lows while The Price is making lower low. This is indication of Bullish Regular Divergence formation and supporting that the trend change is going to happen soon.
Also Histogram supports upward movement.
Once the price starts breaking out, then it is giving us confirmation of a strong trend change. There are some important levels that it has to manage to pass to move further upwards. Such as 1.13 / 1.37 levels. Buy order can be set above 1.13 with Stop at 0.836. It is important to learn proper risk management and cut some of the profits along the way. If you end up holding too long, you might starting to lose. That's why I'm setting on each trade a partial profit target and leaving rest of the amount for the longer run.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -3.01% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
RSI & MACD are making higher lows while The Price is making lower low. This is indication of Bullish Regular Divergence formation and supporting that the trend change is going to happen soon.
Also Histogram supports upward movement.
Once the price starts breaking out, then it is giving us confirmation of a strong trend change. There are some important levels that it has to manage to pass to move further upwards. Such as 1.13 / 1.37 levels. Buy order can be set above 1.13 with Stop at 0.836. It is important to learn proper risk management and cut some of the profits along the way. If you end up holding too long, you might starting to lose. That's why I'm setting on each trade a partial profit target and leaving rest of the amount for the longer run.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -3.01% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Trade active
The price broke upwards from the falling wedge pattern!
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Disclaimer
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