XRP - If Not Now, When? 🔎
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 XRP has been overall bearish trading inside the falling brown channel.
XRP is currently approaching a strong weekly support 0.25 - 0.30 so we will be looking for short-term buy setups.
📕 As per my trading style:
As we approach the green support, I will be zooming in to lower timeframes and look for any bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📊 For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📉 XRP has been overall bearish trading inside the falling brown channel.
XRP is currently approaching a strong weekly support 0.25 - 0.30 so we will be looking for short-term buy setups.
📕 As per my trading style:
As we approach the green support, I will be zooming in to lower timeframes and look for any bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📊 For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
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t.me/thesignalyst
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cutt.ly/TickmillReal
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coincall.com/r/thesignalyst
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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