XRP: BULLISH signs on the daily chart

8 thg 8, 2023

Looking at the The Oracle, we can see several bullish signs on the daily XRP chart:

1. Stochastic very low
   
2. Yellow/Blue long signal
   
3. And bullish hidden divergences
   

Now as always, after seeing such early signals, i try to find a trendline. And voila, there is one on the RSI acting as resistance.

So whats next?
As soon as the RSI on the daily closes above the resistance trendline, we can expect 3 outcomes:

1. - Pump: pump without retrace
   
2. - Golden Pocket: Retest of the golden pocket after RSI closed above the trendline
   
3. - StopLoss: If the daily RSI closes above the trendline, then stop loss is last local low (at $0.5965)
   

I enter longs ONLY after the RSI closes above these trendlines.