Looking at the daily, xrp failed to break lower, tested the trendline and bought back up. Now forming a reversal candle to the downside on the daily to trap shorters. If we stay above the white horizontal line. We will go up to test the top of the channel. Shorters be carefull.
Note
See here, a fake out to trap the shorters. Ready for the next pump.
Note
We gave the shorters a little hope, but it made a fakeout to the downside. Buyers stepping in to move the price higher.
Trade active
When the daily closes below the white line, it's game over for the bulls and I will close the trade.
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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.