XRP / USDC
Long

XRP New Higher Low and Break of Structure, LONG Play

36
The 45min chart is powerful for Crypto, and is showing a new Higher Low.

Break of structure to the upside. (See "bos" horizontal lines).

An upward channel is present on 45min chart and 1h chart.

Bull Pennant Pattern is showing on my candle times, including 4h and daily. These usually break bullish.

On the 45min chart the 200ma has just crossed above the 314ma. In my methodology that's a bullish MA cross.

ADX/DI and Squeeze and Wadda indicators are favorable on the lower time frames including 4h's.

This is slightly high octane speculation, but mostly TA with a slight bit of front running and TIGHT stop loss.

Overall looks like the ALT market is green today for many pairs against USD and USDC on Coinbase. If nothing else today should offer a stop loss in the green while XRP makes a move.

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.