XRP broke above its Falling Wedge pattern. Being under the MA50 (4h) means that this is still a good short term buy opportunity.
Last time it had a break out like today's (March 11th), it hit the 0.786 Fibonacci retracement level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2.3700 (the 0.786 Fibonacci retracement level).
Tips:
1. The RSI (4h) has been on a Rising Support while the price was on a Falling Support. This is a bullish divergence signal that prompted early today's break out.
Please like, follow and comment!!
Notes:
Past trading plan:
Last time it had a break out like today's (March 11th), it hit the 0.786 Fibonacci retracement level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2.3700 (the 0.786 Fibonacci retracement level).
Tips:
1. The RSI (4h) has been on a Rising Support while the price was on a Falling Support. This is a bullish divergence signal that prompted early today's break out.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.