XRP - Is the storm over ?
Updated
Resume from my last publications and updated the trendlines.
Closed the short from 0.94 around 0.85 and added some buys, I think we're still in a bull run so I don't want to short too many times.
This is a nice 10% bounce, I would like this to be another big low, but and H&S can form here and we could see Daily 200 MA around 0.7 next week.
- Should not go below the 200 daily MA around 0.7, if it happens, 0.5 on the sight
- RSI bullish divergence on the daily and H1 for BTC and XRP
- Kinda similar to what happened end December/early Jan for XRP
TP1: 1.4-1.6
TP2: 3
TP3: 9
TP4: Sale-off EOY
I can be 100% wrong but lets give it a try.
Good luck
Closed the short from 0.94 around 0.85 and added some buys, I think we're still in a bull run so I don't want to short too many times.
This is a nice 10% bounce, I would like this to be another big low, but and H&S can form here and we could see Daily 200 MA around 0.7 next week.
- Should not go below the 200 daily MA around 0.7, if it happens, 0.5 on the sight
- RSI bullish divergence on the daily and H1 for BTC and XRP
- Kinda similar to what happened end December/early Jan for XRP
TP1: 1.4-1.6
TP2: 3
TP3: 9
TP4: Sale-off EOY
I can be 100% wrong but lets give it a try.
Good luck
Note
A little triangle is formed and is probably about to break upside.This should bring us to 0.90 easily, the next resistance.
Then to 1 if the bullish momentum continues.
These 2 areas can be a problem if bulls got struggle to pass through.
Cheers.
Note
And... it's broke.Note
Sick moves since 4-5 hours.We reached the first waypoint at 0.9, if it can pass through it, we may be able to chill for at least one week B)
Note
Got rejected from 0.93, if we go below 0.85/6, maybe more downside moves are comingNote
0.5 retrace. If no big downside move the next days. I'll be more confident on this trade.Note
0.81 seems to hold since the 30 May.We're inside a triangle, ending in 2-3 days, dunno if its up or down ?
Trade closed: stop reached
Related publications
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.