Hello everyone, if you like the idea, do not forget to support with a like and follow.
XRP is approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XRP would be overall bearish can still trade lower inside the support or even break it downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP is approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XRP would be overall bearish can still trade lower inside the support or even break it downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT