Previous post explored the different 1 hour timeframe chart patterns in Ripple (XRP) and what their possible implications. The current post does the same except that a 4 hour timeframe is presented.
The meandering price action in Ripple (XRP) is captured from January 28, 2018 to present date with a falling wedge (diagonal), which is ideally bullish. Price level marked on the chart (~$0.47) is considered a conservative entry point into a long (buy) position as this would see the price of Ripple break out of the falling wedge, but also close above the previous consolidation between ~$0.42 and $0.47.
An earlier (less conservative) approach to going long (buy) would seek price entry prior to breakout above the current wedge.
The meandering price action in Ripple (XRP) is captured from January 28, 2018 to present date with a falling wedge (diagonal), which is ideally bullish. Price level marked on the chart (~$0.47) is considered a conservative entry point into a long (buy) position as this would see the price of Ripple break out of the falling wedge, but also close above the previous consolidation between ~$0.42 and $0.47.
An earlier (less conservative) approach to going long (buy) would seek price entry prior to breakout above the current wedge.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。