XRP For pattern traders
I circled 3 patterns you should be looking for on the 4Hr for those wondering. Also you should be looking for a double squeeze or regular pinch squeeze like I highlighted in blue and marked.
3 green circles marked for you to see how we touched 3 times after the correction into a bullish continuation flag.
You're looking at point D in a correction wave reverse symmetrical flat (wave theory)
Buyers are sitting between 127 / 161 .... 11c down to .08c
Which means we can stop there or we can go just beyond that as low as .06 / .05 for take outs. I don't see it but its possible if we hit 5B on XMC.
3 green circles marked for you to see how we touched 3 times after the correction into a bullish continuation flag.
You're looking at point D in a correction wave reverse symmetrical flat (wave theory)
Buyers are sitting between 127 / 161 .... 11c down to .08c
Which means we can stop there or we can go just beyond that as low as .06 / .05 for take outs. I don't see it but its possible if we hit 5B on XMC.
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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.