Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After breaking below 0.55, XRP has been in the making of an Accumulation phase ranging between 0.45 and 0.55 for a couple of month.
The 0.5 zone is also a strong demand and support zone from Weekly timeframe.
📈 For the bulls to take over, and start the Markup phase, we need a daily candle close above 0.55.
📉 Meanwhile, XRP would be consolidating and can still test the lower bound of the range where we will be on the lookout for short-term buy setups.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
📊 After breaking below 0.55, XRP has been in the making of an Accumulation phase ranging between 0.45 and 0.55 for a couple of month.
The 0.5 zone is also a strong demand and support zone from Weekly timeframe.
📈 For the bulls to take over, and start the Markup phase, we need a daily candle close above 0.55.
📉 Meanwhile, XRP would be consolidating and can still test the lower bound of the range where we will be on the lookout for short-term buy setups.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal