Bullish Pennant formed
MFI reaching low 20's - buy signal
Price below VWAP - signals we are in oversold territory
My compression / reaction chart technique signalling price is about to move
If sus wait for price to pass 200MA and ride til local maximum
Stop Loss at ~10113 to avoid collapse if it occurs
*not financial advice
Looking at the one hour graph here on XRP
If you take a looksee at the graph above the difference in price between highs and lows seems to be diminishing, possible breakthrough from the wedge?
Would follow the prediction of the cup and handle as shown above.
RSI & MACD seem to be at a turning point, MACD line above the signal line which signals positive...
Please remember that this is my opinion on current trends, NOT financial advice!
I have been looking into this coin recently and what I have shown above further displays my confidence to go long with this coin.
For those who don't know what adam & eve is, here's a link: thepatternsite.com/aedb.html
Another very good point signalling bullish...
Hi guys, new to here & trading as a whole.
I welcome feedback
As suggested I'm not so sure about a bear trend in the next day or two, perhaps a week from now but judging by these indicators.. not so sure
Apologies for the mess, hopefully you all can get it xoxo