Another angle at XRP/BTC movement. Look at those smiley faces. Doesn't this current 1h / 30m candle look like a doji that we've seen before, on the previous move up?
Lovely bullish divergence.
Down on the 30 and 15 we can see some pennants showing a move is underway.
Good stuff. Target 8500
Good luck.
Lovely bullish divergence.
Down on the 30 and 15 we can see some pennants showing a move is underway.
Good stuff. Target 8500
Good luck.
Note
So here's the pennant, and it does look a bit leaky on the bottom. So perhaps we'll see a leg lower first. I also have to admit that the right 'eye' wicks aren't quite equallying the high in the left eye - which they did on the first smiley-face pattern.
So it's not perfect, and we might go sideways for a bit here. A breakout might do very well tho.
Note
XRP really fighting for it but at this point there's other coins doing better.
Trade closed: stop reached
Nope! Bitcoin/USD moving back up. Party in XRP is over for now.Trade closed: target reached
Well, if you had your stops a bit less tight than I did, target C was reached right after the drop! Guess I should be using my calculations on where to put stop losses for entries instead, and put stop loss another fib lower.
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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.