XRPUSDT | Wave Analysis - Bullish Divergence | Possible rebound
Price action and chart pattern trading setup
> Wave projection - An ending diagonal pattern with a possible technical rebound wave iv correction
> Entry@ breakout downtrend channel
> Target wave iv uptrend @ 0.386 retracement of wave iii - SMA50 zone
> Stoploss at the lower resistance of downtrend channel - downside -10-15%
> RRR: 1.5:1
Indicator:
> RSI bullish divergence
> MACD crossover signal line below center
Always trade with affordable risk and respect your stoploss
> Wave projection - An ending diagonal pattern with a possible technical rebound wave iv correction
> Entry@ breakout downtrend channel
> Target wave iv uptrend @ 0.386 retracement of wave iii - SMA50 zone
> Stoploss at the lower resistance of downtrend channel - downside -10-15%
> RRR: 1.5:1
Indicator:
> RSI bullish divergence
> MACD crossover signal line below center
Always trade with affordable risk and respect your stoploss