XRP: BULLISH signs on the daily chart
Looking at the The Oracle, we can see several bullish signs on the daily XRP chart:
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:
I enter longs ONLY after the RSI closes above these trendlines.
- Stochastic very low
- Yellow/Blue long signal
- 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:
- - Pump: pump without retrace
- - Golden Pocket: Retest of the golden pocket after RSI closed above the trendline
- - 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.
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