As we can see here VERY CLEARLY, our price action is at the very end of this descending triangle. Historically, a descending triangle this accurate will result in an upward price movement. Additionally, on the 4h chart we are hitting the bottom of the bollinger band and the price has already bounced off with an ENGULFING GREEN CANDLE. These are three strong signs of an upward push on price action ALL HAPPENING AT ONCE.
To those of you wondering where to take profits after this play, pay close attention to FIB LVL .236 (we will see resistance here)
Ill be posting more analysis on XRPs price movement as this bounce plays out.
Good luck trading everyone,
Dean Gonzalez
To those of you wondering where to take profits after this play, pay close attention to FIB LVL .236 (we will see resistance here)
Ill be posting more analysis on XRPs price movement as this bounce plays out.
Good luck trading everyone,
Dean Gonzalez