WE OPEN LONG POSITION and CLOSE PART OF IT in line with the Targets (SEE CHART)
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There is no bullish pattern confirmation, nor supper bullish volume movement...
But, there is a rapid moving RSI, increasing positive volume and an big breakout in its bearish triangle to the upside.
You can see how I confirmed that by my previous...
On short term, I do not see XRP long on my chart.
Maybe it's because I use Kraken based chart but I see we are still under the big resistance of the pink triangle.
And all the Stochastic / RSI are overbought in all chart. Only 1W chart is ok with these indicators, but 1W chart is for long term trade...
I see hundred of charts only based with horizontal lines, no...
KRAKEN:XRPEUR on the daily chart
- Beautiful bullish candles, wicks rejecting the lower price
- Nice support by the EMA10
- EMA10/20 fanning out in the correct order
- MA200 about to be crossed
- Bullish MACD
- Strong RSI
Relating to the last chart, we are approaching the pink line of the descending triangle.
Looking at the stochastic : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart.
Looking at the RSI : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart.
Looking at the EMA : We see that the pink line crossing can correspond to a golden cross, that could validate the importance of...
I've seen a lot fo charts based on the crossing of the blue line of this chart.
I'm not confident that the 2 years triangle is made with the blue line, but the pink line.
Indicators are showing a Stochastic near to 100 and a double high with the same indicator.
I should target something like 0.255€ - 0.26€ and sell at this price. Then I'll try to short with pink...
XRP got blocked today by the small blue and crossed resistance that is acting as a pump support for testing the big one in pink.
Stochastic shows overbought and I'm thinking about its future scenario untill the good one.
On the 4h chart stock is oversold, that means on short term we will continue to climb.
A good target should be 0.26€. Then if we don't cross the...
We have broken the mini descending triangle in blue, but we are still in the big one in pink.
On the 1W chart we can see the Stochastic is still very low (oversold) so we can imagine the price reaching the pink resistance in the following days/week.
The EMA lines are still showing that we are not near a golden at all.
So, after a quick visit to the resistance, I'd...