Please refer to our previous post:
After pointing out the gravestone doji in the last post that was likely to send price downwards, we also listed the way this major bearish signal could be reversed. We stated "The only way this can be negated in the short term is if we print a green daily candle tomorrow negating the confirmation of the gravestone doji."
That is exactly what we saw. We printed a green daily candle the next day that negated the bearishness of that gravestone doji. Now we are seeing the early signs of a massive XRP breakout.
Now we want to watch for the second confirmation to confirm the breakout. This could come in two forms. Either price drops back down to the orange trendline and confirm that level of old resistance as new support or price continues its rally to the upside and breaks our previous LTF high around $2.65.
After pointing out the gravestone doji in the last post that was likely to send price downwards, we also listed the way this major bearish signal could be reversed. We stated "The only way this can be negated in the short term is if we print a green daily candle tomorrow negating the confirmation of the gravestone doji."
That is exactly what we saw. We printed a green daily candle the next day that negated the bearishness of that gravestone doji. Now we are seeing the early signs of a massive XRP breakout.
Now we want to watch for the second confirmation to confirm the breakout. This could come in two forms. Either price drops back down to the orange trendline and confirm that level of old resistance as new support or price continues its rally to the upside and breaks our previous LTF high around $2.65.
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