XRPUSD breakout update
Hi guys, updating my previous analysis on a short term continuation of an uptrend on RIpple.
Previous smaller patterns invalidated.
Nice double bottom forming on 30m around 0.250-0.255.
Bigger triangle pattern noticed, brakeout targets updated.
Breaking out of the smallest triangle brings us to around 0.26.
Breaking the medium triangle brings us to around 0.29.
Breaking from the largest triangle that is printed on the chart will rocket us towards 0.39.
FIbonachi levels are well respected so far.
RSI around 53 + MACD crossover + price braking above MA200 indicator in favor of a buy signal and a possible continuation to the upside towards the ressistance at around 0.29.
Tell me what you think.
If it makes sense, like, exchange your ideas with me by commenting.
Cheers!
Previous smaller patterns invalidated.
Nice double bottom forming on 30m around 0.250-0.255.
Bigger triangle pattern noticed, brakeout targets updated.
Breaking out of the smallest triangle brings us to around 0.26.
Breaking the medium triangle brings us to around 0.29.
Breaking from the largest triangle that is printed on the chart will rocket us towards 0.39.
FIbonachi levels are well respected so far.
RSI around 53 + MACD crossover + price braking above MA200 indicator in favor of a buy signal and a possible continuation to the upside towards the ressistance at around 0.29.
Tell me what you think.
If it makes sense, like, exchange your ideas with me by commenting.
Cheers!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.