XRPBTC currently sitting on the rising support trendline of the big ascending triangle after it broke out of the channel.
Tight stop loss can be set if it breaks down from this support.
Waiting for final confirmation from the Wavetrend and MACD cross to enter a trade.
You can see the last time it broke out of a similar setup, it was massive.
This will require patience as this is on a higher timeframe so this is a more long term view.
Our indicators are pointing up and we just broke out of the falling wedge.
Currently facing resistance at the upper edge of the pitchfork.
XRPBTC needs to break this crucial resistance to break free of this channel and move to the next wave up.
As always set your stop losses and enjoy the ride.
Price currently at 0.786 Fib retracement.
Wavetrend and cRSI are at oversold and just waiting for the MACD cross and wavetrend to cross up on the signal line on the daily
to enter a trade.
Set stop loss accordingly
Rounded bottom and bullish divergence can be seen in the 4H timeframe of BTCUSD signalling a trend reversal
Possible 10700 in the short term.
I also just realised that this may also be a bearish Gartley pattern, so price must move above 10500 to
invalidate the bearish Gartley else the 10k support will be retested again.
This is not financial advise but just an...
