Now XRP is in strong buy area , but we have compression to this support which increases odds of its breaking down . Also we have local down trend which must be broken to look for buy points and of course this breakout must be with big volume.
Signs for up movement
1) Strong buy zone
2) Lows are getting higher
3) Must be breakout of local downtrend
4) Must be good volume on breakout
5) Now sells are not agressive
Signs for down movement
1) Bear market cycle
Only after comleting of all these conditions I will look for appearing of my buy point which may not even be formed . But you can use this analysis with your strategy and I dont recommend to trade if you dont have a strategy because in long term you will lose money.
Signs for up movement
1) Strong buy zone
2) Lows are getting higher
3) Must be breakout of local downtrend
4) Must be good volume on breakout
5) Now sells are not agressive
Signs for down movement
1) Bear market cycle
Only after comleting of all these conditions I will look for appearing of my buy point which may not even be formed . But you can use this analysis with your strategy and I dont recommend to trade if you dont have a strategy because in long term you will lose money.
Comment:
Breakout happened, but it is so small
Trade active
Comment:
Forming triangle