XRPUSD: - Nison Change of Polarity (COP) strategy target is 0.256. - Nison Trailing Stop strategy target is dead cross of MA 3/12. - Nison 'Trading the 9' (MA 9/20/50) strategy entry is bullish reversal onto MA 9 support. - Tom DeMark Sequential strategy is entry on 2>1.
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According to Nison PB&J, there is a short opportunity on XRPUSD. TD Sequential buy setup on this strong up move happened on an incomplete 9. The scenario is that inexperienced traders were trapped into bad long positions.
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H1 TD Sequential buy setup 2>1. Fine time to get in.
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I think we're in Wyckoff Phase D now. Target sell at Fomo buyers above the top of the range. > 0.2245 - 0.2250
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Anticipate high volume, large white candles within the next 2 hours. Prepare to sell on bearish candlestick signals (Doji, Shooting Star, Dark Cloud Cover) or tall upper shadows. If volume is huge and the candle is small, sell at resistance.