XRP is looking extremely bullish in multiple time frames: 30 min, 4 hr, daily and weekly. Hold on to your hats! 🚀
1) Primary Trend line still intact 2) Bullish Divergences all over the chart (wedge break, money flow, momentum broke the down trend curling, volume profile supportive of continuation) Just my 2 cents :)
I'd expect a pullback here before next leg higher.
Zoom out look at the weekly chart, a thing of beauty!
Look at 2017, heavy volume indicating a top. This is a low volume pullback with higher lows designed to shake out weak hands before the next move higher (Not financial advice, just my 2 cents)
Keep the big picture in mind, years of accumulation and breaking out of a year-long Pennant. Very Bullish IMO!
A lot of bearish sentiment, I think we rally very soon
A nice cup and handle pattern forming with a breakout possible over 142.
Consolidation following healthy retracement, New MACD Cross on the daily with bullish divergences in Money Flow and Momentum. I like it long over 3.65 (clearing potential resistance)
Several Reasons I like the risk-reward in this trade: 1) Holding the Volume Shelf which often acts a launch pad on the Volume Profile 2) Huge Call Buying in the July 16 155s Friday 3) Cup and Handle which is a bullish pattern 4) Positive MACD cross well above the zero line
Would prefer to see it above $139 to confirm long entry
Possibly another breakout coming... Let's go!
Noticing a slight head and shoulders pattern forming with negative divergence no Marathon Petroleum. Also, some volume today in the April 16 $50 strike puts. Potential downside to $46.
Looking for a wedge break for the next leg higher. Let's go!!!
The consolidation pattern on the monthly chart looks even more bullish. Great risk reward here
The risk to reward on this is favorable IMO. Bearish Divergence in the chart (See sloping Money Flow Index). Also, with a lot of folks returning to the office, expect growth to slow in this name. 1st target 316 then 302.
$XRP expecting a bullish continuation upon the wedge break. Next leg higher should be soon :)