XRPUSD breakout update
Updated
Hi guys, updating my previous analysis on a short term continuation of an uptrend on RIpple.
Previous smaller patterns invalidated.
Nice double bottom forming on 30m around 0.250-0.255.
Bigger triangle pattern noticed, brakeout targets updated.
Breaking out of the smallest triangle brings us to around 0.26.
Breaking the medium triangle brings us to around 0.29.
Breaking from the largest triangle that is printed on the chart will rocket us towards 0.39.
FIbonachi levels are well respected so far.
RSI around 53 + MACD crossover + price braking above MA200 indicator in favor of a buy signal and a possible continuation to the upside towards the ressistance at around 0.29.
Tell me what you think.
If it makes sense, like, exchange your ideas with me by commenting.
Cheers!
Previous smaller patterns invalidated.
Nice double bottom forming on 30m around 0.250-0.255.
Bigger triangle pattern noticed, brakeout targets updated.
Breaking out of the smallest triangle brings us to around 0.26.
Breaking the medium triangle brings us to around 0.29.
Breaking from the largest triangle that is printed on the chart will rocket us towards 0.39.
FIbonachi levels are well respected so far.
RSI around 53 + MACD crossover + price braking above MA200 indicator in favor of a buy signal and a possible continuation to the upside towards the ressistance at around 0.29.
Tell me what you think.
If it makes sense, like, exchange your ideas with me by commenting.
Cheers!
Trade active
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.