I have been watching this one for a while it is visible on the daily charts as well and I would not want to be long here. But keep an eye on it, it has not yet fully formed but it certainly looks like it will imo.
I See A ETH breakout on the horizon. Which way she flows nobody knows but we do have some price targets charted for yea. Happy trading hope you leave your comments! Tell me if you disagree and why below!
Im saying long just due to the overall nature of XRP yea we want it to follow the badly drawn arrows. We do not want to see any candles enter into the white circle that would be bad and we would have to close for a lose. Good trades everyone!
Bearish MFI Divergence signals a bearish reversal. The Strong resistance level at .06488 is one to watch. Plus, price is above VWAP and we have some nice high volume nodes below to act as targets. Now, this is a risky one but there is lots of potential and if the resistance level is broken and the bulls break out be ready to take a small loss. Any way happy trades!
The Volume Nodes are indicating that this is the pivotial area where price action breakouts rest. Also the MFI is super oversold, and this privious high should act as a support level now. If we break down below this level then Id stop any losses. Good Luck!
So far below vwap and super over sold if you can get it under 0.05 that's a good buy in the short term, imo. Ovb this is short term and if it breaks 0.049 then lets consider taking a lose but Ii dont think it will ( for any longer than a few mins). good luck
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By useing the volume profile, you can identify areas of high trade activity and high volume at each price level. This will allow us to see areas that act like a "magnet" to pull price into these high frequency zones.