XEL building up in volume with bullish trend upwards (supported by RSI). MACD crossover has happened and price is looking to jump the trend line.
In order to enter into a trade, I will be looking for the price to bounce off the lower trend line. If a 1 hour candle closes above the upper trend line, I will initiate the buy order.
Buy-in: after 1hr candle closes...
Buy entry if close above resistance #1 with stop-loss below for fake breakout. If price bounces, target is above resistance #3. MACD crossover held and RSI indicator confirming bullish trend (under over-bought zone). Keep eye for MACD crossover at the top for sell indication or move stop-loss up.
MACD crossover signals potential bull run confirmed by RSI. 1 hr candle has closed above trend line. If price bounces, buy order will be initiated.
Stop-loss: 0.00003746
Buy-in: after candle closes above 0.00003903
With volume and a continued bull-trend, this should earn some nice profits. Cheers!
XRP is in a position to breakout - however, the question of which way remains unanswered. The price has yet to break the symmetrical triangle pattern.
We have not seen the MACD crossover yet. RSI is neutral, neither showing an overbought or oversold position. How would I trade this if I weren't in already? See below:
Once we see MACD crossover (blue line cross...
MACD crossover signaling potential buy. RSI indicators confirming bullish trend. Price closing near trend lines. Watch for 1-hour price candle to close above trend line; if close, trade is active and we will buy with stop-loss below upper trend line in case of fakeout. Conservative buyers can look to buy XEL if price bounces after breaking out.
See chart. Waiting on MACD crossover and RSI idicators to confirm bullish uptrend. Buy entry when resistance is broken and stop-loss at new support. Expecting a drop off if support is broken.
