Breakoutsignal
Ripple Showing Rising Relative Strength Ripple (XRP) has outperformed the overall crypto market, showing relative strength in comparison to the Altcoin index. However, the XRP price is still trapped inside a 4-month consolidation pattern, with the upper resistance line close to $0.50.
Ripple Relative Strength
The relative strength metric can help us spot which cryptocurrencies are outperforming the general market. It's also a bullish sign when the XRP price makes a higher low when the Altcoin index, which tracks the performance of the overall altcoin market, is making a lower low.
This means that the XRP's price is rising while the other cryptos are falling.
Consolidation Pattern
The 4-month-old consolidation pattern led to a local bottom of $0.287 and resistance at $0.457. If the current XRP relative strength continues to progress, there is a high probability that the token will retest the top of the consolidation pattern.
The rally could even extend further to tag the 200-day simple moving average, which currently stands near the $0.50 mark.
Weekly Stochastic Indicator
Additionally, the stochastic indicator on the weekly chart is emerging from oversold readings (below the 20 level) for the first time since the current consolidation phase. This can further sustain the recent bounce.
Looking forward: Since we're still inside a consolidation pattern, there is a risk that we may end up with tighter price action until a real catalyst triggers a breakout.
TANLA PLATFORMS, BREAKOUT!!, WAVES. although tanla did not gave a breakout, on its 3rd wave, because it follows 5 wave pattern. the waves have come perfectly, to prove this statement, i have drawn a purple line, connecting the points, which defines the 4th wave(correction point) for the 5th wave to give a breakout.
and a orange line defining a breakout in 5th wave.
volume accumulated for a breakout
PLGR Ascending triangleAscending triangle PLGR printing could be interesting. Looks bullish but indicators are in a high state on 30m and 1H chart. Possibly some sideways time or pullback to allow indicators too cool off before another push. Set alerts on this one.
Good luck traders
KAT make it or ...KAT is at the bottom of the support zone... will we see a breakout? The indicators look right...
Levels are on the chart...
Good luck traders
XRP: If we break we buy!!XRP
Intraday - We look to Buy a break of 0.3601 (stop at 0.3544)
A break of bespoke resistance at 0.3600, and the move higher is already underway. Short term bias is mildly bullish. Trading has been mixed and volatile. Our short term bias remains positive.
Our profit targets will be 0.3749 and 0.3799
Resistance: 0.3600 / 0.3700 / 0.3800
Support: 0.3500 / 0.3450 / 0.3400
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SAND- Lets All Play In The SandboxAnalysis:
- Support & Resistance
- Trend Line
- Supply & Demand
- Fibonacci Retracement
- Order Block Flow
T1: Target 1
T2: Target 2
B: Bottom / End of Correction / Beginning of Bull Run
S: Support
:) Breakout / Bull Run
Opinion:
The correction for Sandbox is over and price will rise the next few weeks/months
BEL - Possible move towards ATH Key highlights:
⚡️ Symmetrical Triangle
⚡️ Support from Flip zone
⚡️ Bullish market structure
⚡️ Volume expansion
A logical setup is to enter on the retest of 240 zone on lower time frames.
Aggressive stoploss: 237
Safe stoploss: 230
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView