As you can see on chart, XRPBTC has made a very strong triple bullish divergence RSI-PA on oversold territory, with a good volume pattern for bulls.
PA is showing a 21EMA resistance broken, and last candle has supported on it. Not happening since last bull run.
Indicators showing also a good set up for bulls:
- RSI going above 50 line
- CMF oscillator crossed zero line.
- MACD approaching to zero line.
- ADX-DI showing a sideways and no trendy ATM but DI+ crossed bullish.
This, although can make XRPBTC going sideways, is a very strong set up for bulls. I am accumulating ATM waiting for the bull run
PA is showing a 21EMA resistance broken, and last candle has supported on it. Not happening since last bull run.
Indicators showing also a good set up for bulls:
- RSI going above 50 line
- CMF oscillator crossed zero line.
- MACD approaching to zero line.
- ADX-DI showing a sideways and no trendy ATM but DI+ crossed bullish.
This, although can make XRPBTC going sideways, is a very strong set up for bulls. I am accumulating ATM waiting for the bull run
Note
Nice entry, 18% ATM.
Usually is dangerous trading reversals, but this set up was too strong to avoid it
Trade active
20% up.
ALARM:
- Stoch (which i am interested as long as ADX is almost on sideways) is on overbought, we will take profits if gets out from overbought while ADX is still under 20.
GOOD THINGS:
- MACD signals is near crossing ZERO line, that would be fantastic.
- RSI over 50, not yet on overbought
- EMA supporting PA.
My journey! Not advice!
Note
25% up. Very nice
ALARMS:
- Stoch: Highly overbought
- Volume: Less than previous candlesticks (losing strength).
- EMA: 55EMA resistance
Rest of the indicators are bullish clearly.
Just my journey! Not advice!
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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.
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.