Follow up #1: Bullish Hidden Divergence on XRP - 4H TF Chart

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Evidently,

1. The Hidden Divergence in teh 4H TF Chart failed:
it is reflected by the 2 purple arrows and it did not work out this time.
Had a wide SL and Got stopped out below the forming Wedge.

2. The 4H TF Chart looks normal now:
Price goes down making a lower lows, OBV does the same (Blue arrows in 4H TF))

3. Now What?
The same blue arrows BUT in the 1H TF show a forming Regular Divergence.
SO Wait and see if:
- the zone of interest/liquidity zone around $2.30 holds
- wait for the Sweep to complete (OR TAKE YOUR CHANCE aournf $2.30) with the move back up creating a Regular Divergence (a Lower Low for price BUT a Higher Low for OBV in the 1H TF)

That is another chance to get in Long


PS: I took my chance.......... I will create a follow up #2

Penafian

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