MisterCatt

XRP/USD Forming Ascending Triangle

Long
- As long the price action moving inside the triangle and above the up trendline, it's still bullish and also invalidated the pattern once the price action did broke below the ascending triangle up trend line or by prolonged sideway.
- confirmation appear after price action manage to surpass the upper level of ascending triangle area. around 0.464 - 0.471 area.


Indicators:
DMI : -DI is above +DI which is bullish and the trend strength still relatively strong movement as ADX still above 25.
MACD : Bullish crossover by macd line and signal line also buy histogram is starting to build up.

peace.

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