XRP Potential Bull Trap In Progress..
Hey everyone, So I was busy eating dinner and missed the last hour bar close above the resistance of my Triangle...
None the less, Though it has broken up out of the triangle, The EMA's have not crossed just yet. Also, BTC has not yet reclaimed 50k.
Now we watch closely to see if BTC closes an hourly candle above 50k or gets rejected again, and if our EMA's on XRP 1hr complete a cross-over.
IMPORTANT NOTE:
I have updated my EMA's to Fibonacci numbers shown Below:
Green EMA: 8
Red EMA: 21
I have found these to be more accurate.
Also please take note that I utilize Heikin Ashi Candle Sticks in my charts.
None the less, Though it has broken up out of the triangle, The EMA's have not crossed just yet. Also, BTC has not yet reclaimed 50k.
Now we watch closely to see if BTC closes an hourly candle above 50k or gets rejected again, and if our EMA's on XRP 1hr complete a cross-over.
IMPORTANT NOTE:
I have updated my EMA's to Fibonacci numbers shown Below:
Green EMA: 8
Red EMA: 21
I have found these to be more accurate.
Also please take note that I utilize Heikin Ashi Candle Sticks in my charts.
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