XRP - Daily longs
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Hello,
Here is a possible pathway using the bullish triangle upon the four hour chart.
Whilst price is a predictive pathway, the idea here is to show the points of C,D,E in the triangle formation.
See below for C,D,E
While a prospective setup- the information provided to us will be clear where to strategise entries based upon the formation printed.
Now Refer to the daily chart
What does it show us? Well, the daily zone of interest where price can fall to, to break the triangular pattern, this is a high probable zone where price will pivot upon and form a bullish outlook.
Weekly
This timeframe poses an interesting question for buyers, will price retrace to the 0.705 correction, or is the 0.5 Fibonacci going to hold?
Expected bullish pathway?
About me;
Student of Lupacapitalpartners - imbalance analyst.
Supplyanddemand trader
Technical approach to charting
Work in Investment banking, LDN - 3years in credit.
Many thanks,
XYHLX
Here is a possible pathway using the bullish triangle upon the four hour chart.
Whilst price is a predictive pathway, the idea here is to show the points of C,D,E in the triangle formation.
See below for C,D,E
While a prospective setup- the information provided to us will be clear where to strategise entries based upon the formation printed.
Now Refer to the daily chart
What does it show us? Well, the daily zone of interest where price can fall to, to break the triangular pattern, this is a high probable zone where price will pivot upon and form a bullish outlook.
Weekly
This timeframe poses an interesting question for buyers, will price retrace to the 0.705 correction, or is the 0.5 Fibonacci going to hold?
Expected bullish pathway?
About me;
Student of Lupacapitalpartners - imbalance analyst.
Supplyanddemand trader
Technical approach to charting
Work in Investment banking, LDN - 3years in credit.
Many thanks,
XYHLX
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