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XRP / Bitcoin
Long

XRPBTC Long : Broadening bottom partial decline Trade

409
  • broadening bottom has 5 touches , making it a valid formation
  • partial decline is at a 0.5 or 0.6 level -> signaling a potential top breakout
  • rsi is in the oversold region




There are pretty strong signals to go long. Not sold on the idea yet, will wait for volume increase and a little more confirmation.
Links to theory:
thepatternsite.com/broadb.html
thepatternsite.com/partdecline.html


mostly_george
Trend AnalysisXRPBTC

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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.
Trend AnalysisXRPBTC
mostly_george

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.