XRPUSD BITMEX - DAILY CHART
Looking at the DAILY chart for XRPUSD on Bitmex, I've noticed the following during this big sell off;
1) Breakout from Uptrend in process, more clear once close on DAILY or even 4HR chart for confirmation (Reliable TF's)
2) Lower Highs have been made - waiting for Retest at next Lower High for a SHORT entry (2050 - 2150 Sats for entry point)
3) DAILY/4HR Candle close below Mid Boillinger Band (waiting for confirmation)
5) MacD & RSI looking like buyer exhaustion and sellers coming in
7) 2 scenario's: Full retrace between 1045 - 1200 sats or A Retrace to 61.80 or 78.60 Fib with a Breakout from Downtrend
Do your own research (TA), not financial advise - My thought process and what I will be doing.
TREND IS OUR FRIEND!!
Feed Back would be great.
1) Breakout from Uptrend in process, more clear once close on DAILY or even 4HR chart for confirmation (Reliable TF's)
2) Lower Highs have been made - waiting for Retest at next Lower High for a SHORT entry (2050 - 2150 Sats for entry point)
3) DAILY/4HR Candle close below Mid Boillinger Band (waiting for confirmation)
5) MacD & RSI looking like buyer exhaustion and sellers coming in
7) 2 scenario's: Full retrace between 1045 - 1200 sats or A Retrace to 61.80 or 78.60 Fib with a Breakout from Downtrend
Do your own research (TA), not financial advise - My thought process and what I will be doing.
TREND IS OUR FRIEND!!
Feed Back would be great.
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