We have just broke out of our bull flag and volume seems to be picking up ride it to profit target gl!
Low risk high reward play hoping for the bullish trend to continue playing out gl.
A bit late posting this one but lot's of gains to still be made gl
Bullish continuation pattern in play breakout happening ride it up gl!
Price slowly climbing up and MACD going down indicating there is not much strength behind the buying I expect to see a retrace into one of our fib levels gl.
Retraced perfectly and bounced above the 50ema entry/exit is outlined gl
entry and exits are outlined in trade, purple lines = profit targets gl!
We have a textbook golden cross on the daily with the 50 ema breaking the 200, we are currently retraced into a clear buy zone roughly between 1000-1145 sats with massive upside potential of this bullish reversal playing out in full effect gl!.
Making higher highs and lower lows well above the 200ema, looking like a possible moonshot here if btc can remain stable gl, if 17500 support breaks be careful having stops around 17000 seems like a good idea.
We're on the 50ema if we close above it ride the uptrend gl, We must stay above it though set stop loss just below the 50ema if we break above gl.
We're at the 50ema once again if we close above it look for the potential of an uptrend to ride gl, We must stay above it though set stop loss just below the 50ema if we break above gl.
Volume decreasing and MACD broken expect this ABC correction to play out gl.
Be careful with Xrp atm we're seeing signs of weakness and fatigue, we have fallen below our 50/200 Ema and a possible death cross is forming, not a lot of support either below our current level and a sharp waterfall down could be a possibility like we seen further back in the charts gl.
Currently I'm not in any trade at all as this the range is too tight and risk is too high, we can see on the MACD we broke to the upside but volume is low and the ranges we're currently in are 4k-4140 (very tight), If we do however see a break above $4140 with considerable volume I would be taking a long position with targets around $4410, Personally I see this...
Volume decreasing/MACD clearly broken expect to see a sharp break to the downside gl.
The 21 ema has been broken on the daily chart which is a good indication of strength, look to see more momentum to the upside, green=profit taking and purple support/resistance gl.
Possibly the end of an ABC correction, on the 4h time frame we bounced above both our 10/21 EMA and crossed over on the MACD, The impulse waves up are only an idea what could take place but let's see if it can play out providing this is the end of the ABC correction, Take profits at resistance/support levels marked gl!.
Both the 21/50 ema have been broken on the daily timeframe and we're currently sitting on the 50 if both of these levels hold as strong support and we continue to rise up lot's of gains to be made, green=proft taking and purple support/resistance gl.