XRP for the win if 1 more hurdle can be crossed
Sometime we bounce from a point and show no follow thru. But bouncing from a point with follow through and showing strength gets me thinking. A placed a green line here at 27 cents that to me shows large amounts of strength. It breaks a lot of resistance in this are and is currently holding up to pressure and other key areas. The 6 hr is very impressive to me once again showing me strength against several BTC 60-70 dollar dumps only to come back at test its up areas. Using a ADX on a 6hr you can see how the moves have been supported by the bulls. Looking specifically at the ADX signal line you see a break upwards from the previous trend down and more importantly we see a healthy higher low on the ADX signal with a supporting DI- and DI+ signals gapping. All while the DI- is having lower highs. Once again this shows me strength because its happening in are huge area of congestion. I used a two week to get a better view of things. I did not want to go to far out because i feel sometimes It helps to identify the current situations at play while they are changing a little better for my style of trade. When you zoom out to larger time frames sometimes you get a better view of the entire landmass but you over look the sometimes Key battles/clues that are happening at ground zero.
I highlighted the next are of battle that i believe is key. I remain neutral leaning hopeful we can make it through this key area with a dip back to 28c area for another crack at upwards movements.
I highlighted the next are of battle that i believe is key. I remain neutral leaning hopeful we can make it through this key area with a dip back to 28c area for another crack at upwards movements.
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.