norok

Ripple starting to squeeze

Short
norok Wizard Updated   
XRPUSD threw off a signal that on the 60m / 120m timeframes is starting to squeeze with lower volatility. A good trade might be found as a breakout do the downside though any breakout of the squeeze has a high probability of a significant move.
Comment:
The squeeze continues and I'm now direction neutral. Whichever way it breaks the wedge should indicate the move.
Comment:
Switching to direction neutral meant being able to catch the breakout whichever it went... in this case UP as the crypto leader for the day. Alt season seems to be on the tip of everyone's tongue!
Comment:
One of the best crypto to be in in this week's run!

"Be to others the person you needed to meet 10 years ago"

Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.