XRP Pamp
XRP checking off all bullish Ichimoku indicators for the 4 hour. In addition to 50/200 MA crossing, we can also see a triangle consolidation forming alongside this uptrend. As this consolidation process plays out, I suspect XRP will burst above the triangle apex and towards a new resistance line -- exit position not set yet! Will hold this long entry for the time being
Bullish Ichimoku - CHECK
50/200 MA Cross - CHECK
Triangle Consolidation - CHECK
Bullish Ichimoku - CHECK
50/200 MA Cross - CHECK
Triangle Consolidation - CHECK
Note
** Position is long @ the apex, ~8800 sats. Was late to the the party, but there looks to be more room!Note
Given stars align, tentative longer term exit will be ~10400 satsNote
^ LOL, need to wipe my rose tinted glasses. Getting interesting here, but plan to hold long position for the time being. Will close in defeat if price breaches the Kijun (red line) from above.
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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.