keeping it stupid simple. candle close above should mean a bullish mid term move, candle close below bearish. time will tell
I tend to use triangles in my analysis a lot, but they work. Idea is very simple. If we break the triangle on the lower line, we will see more bearish market. Breaking the diagonal upper line, we would see a bullish market.
green thin line is resistance, if we break it we go higher
by may 26 we should see a break on either side, my guess is up. psi/macd indicator looks ready to cross into bullish movement. waiting for a cross to open a bigger position. time will tell
Could mean we break out on a larger time frame, but still to early to see anything
We are currently in a grey period. Triangle formed on the 1 day interval. An IMPORTANT thing to also be on the look out for is the close of a weekly candle. In my opinion for the run to happen weekly needs to close above the 2018 ATH (weekly interval). We shall wait and see the outcome. Wish you all luck, cheers.
xrp is always risky, so SL is tight on this one. moving averages indicate we are in a up trend, so shorting is not ideal. taking profits on target 1!
If the candle closes under the support line issa short