$XRPUSD - Last Chance
I haven't posted a chart in a while now as there is no trend, and my particular analysis style requires a trend. That said, the last 4hr bar rebounded right off the trend-trend line I have been watching for a while now so I thought I would point out this Triangle formation because both sides of it have been confirmed multiple times. A break of either side should be a very strong signal and indicate the new trend.
You can also see reactions to the Monthly Pivot and the HA Monthly Pivot. I think its entirely possible we could clear R5 within the next month so I am not using these as trading levels until the trend develops and is confirmed.
With the constant bounces off the .30-.31 range we have a very solid support level that would take catastrophic news to break through imho. I believe the bears are exhausted and the market is on the verge of a new bullish swing north.
For the record I have a 0.28 position from quite a while ago, a 0.31 position from December, and another 0.31 position from a couple weeks ago. This does affect my bias of course
You can also see reactions to the Monthly Pivot and the HA Monthly Pivot. I think its entirely possible we could clear R5 within the next month so I am not using these as trading levels until the trend develops and is confirmed.
With the constant bounces off the .30-.31 range we have a very solid support level that would take catastrophic news to break through imho. I believe the bears are exhausted and the market is on the verge of a new bullish swing north.
For the record I have a 0.28 position from quite a while ago, a 0.31 position from December, and another 0.31 position from a couple weeks ago. This does affect my bias of course
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