XRP setup
Setup for XRP.
Zooming out we broke the recent low's but if price action can come back inside, it will create a nice deviation outside of the range low and be very bullish, marking the bottom.
Zooming in here on the lower time frame, we see a possible inverse head and shoulders. Need to create a new higher low and the right shoulder, which would make for a good entry.
An alternative option would be to wait for the breakout and then long the retest. Getting a break out here and a decent retest could mean that we are then trading above the ichimoku cloud and enter a new bullish trend.
Zooming out we broke the recent low's but if price action can come back inside, it will create a nice deviation outside of the range low and be very bullish, marking the bottom.
Zooming in here on the lower time frame, we see a possible inverse head and shoulders. Need to create a new higher low and the right shoulder, which would make for a good entry.
An alternative option would be to wait for the breakout and then long the retest. Getting a break out here and a decent retest could mean that we are then trading above the ichimoku cloud and enter a new bullish trend.
Catatan
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.