XRP / Tether USDLong
XRPUSDT 1 Month Chart Breakout?
Updated
This chart may look a bit different then my other XRPUSDT charts because it from Poloniex.
I chose this one because it has a longer chart history and to see if we could find another POV
that coincides with my other XRPUSDT charts.
Well it certainty seems the breakout is close for XRP. Yes I'm still bullish!
In this 1 month chart you can see the bearish cypher in pink. Which ultimately broke down in
price from about $0.34 USDT down to our current market low for XRP at $0.10296 USDT.
The holy grail indicator is in position for a bullish crossover. In higher time frames gives more
reliable and stronger signals!
Also another interesting note to be aware of is that bearish harami candles on the monthly charts
not only signal successful reversal signals for XRP but the same goes for BTC.
(You can see the BTC one on another chart I've published recently.)
As for the MACD you can clearly see that selling pressure is subsiding. In fact, its starting to look
like a bullish cross is in the cards as well. Note not to far from the 0 line as well. Above 0 is bullish!
I appears we are in the final stages of a break out according to Elliot waves theory. As you
can see as indicated by the yellow numbers 1-5 with the corresponding waves. Exciting times
ahead! Please remember to protect your investment with a stop loss!
Please drop me a like if you found this chart useful. Thanks!
I chose this one because it has a longer chart history and to see if we could find another POV
that coincides with my other XRPUSDT charts.
Well it certainty seems the breakout is close for XRP. Yes I'm still bullish!
In this 1 month chart you can see the bearish cypher in pink. Which ultimately broke down in
price from about $0.34 USDT down to our current market low for XRP at $0.10296 USDT.
The holy grail indicator is in position for a bullish crossover. In higher time frames gives more
reliable and stronger signals!
Also another interesting note to be aware of is that bearish harami candles on the monthly charts
not only signal successful reversal signals for XRP but the same goes for BTC.
(You can see the BTC one on another chart I've published recently.)
As for the MACD you can clearly see that selling pressure is subsiding. In fact, its starting to look
like a bullish cross is in the cards as well. Note not to far from the 0 line as well. Above 0 is bullish!
I appears we are in the final stages of a break out according to Elliot waves theory. As you
can see as indicated by the yellow numbers 1-5 with the corresponding waves. Exciting times
ahead! Please remember to protect your investment with a stop loss!
Please drop me a like if you found this chart useful. Thanks!
Note
The icing on the cake. Damn near as good as confirmation as your going to get without the breakout! TD Sequential just dropped its strongest signal a 13 candle buy right before the end of the wedge! The next candle is already green for the month with very little room left in the massive falling wedge! Tick...Tock...Tick...TockI used 3 pictures because the firsts yellow candle needed to be blown up so huge! Otherwise you would have thought it failed! SNEAKY BASTARDS!
Note
Pulling a quick scalp trade for my first time! So far so good... Wish me luck think I'm on to something here!? Note
All sold out waiting for retrace to around possibly $0.145 range one more time! Note
wrong screen shot above. 
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.