XRP - Waiting For The Fast Train
#7
Very much starting to look like this is yet another chart instance of bullish Pattern Separation.
This is where we see a bearish ascending channel followed by a bullish descending channel.
This chart is very exotic and dynamic.
But its all the same and if you can pick this patterns out then you can have an idea of where momentum is shifting to.
In this situation it appears to be building up cause for an eventual bullish breakout.
The Demand Line did look like a danger area for price to cross; sometimes that can lead to a big dump... 😨
But since it has crossed over while printing a shallow descending channel, this is quite a bullish clue.
And as much as it continues to print in shallow descent, it is looking very nice.
It now appears to be a matter of waiting for the train to arrive.
Could be quite a fast train I think 😅🚝.
Not advice
Very much starting to look like this is yet another chart instance of bullish Pattern Separation.
This is where we see a bearish ascending channel followed by a bullish descending channel.
This chart is very exotic and dynamic.
But its all the same and if you can pick this patterns out then you can have an idea of where momentum is shifting to.
In this situation it appears to be building up cause for an eventual bullish breakout.
The Demand Line did look like a danger area for price to cross; sometimes that can lead to a big dump... 😨
But since it has crossed over while printing a shallow descending channel, this is quite a bullish clue.
And as much as it continues to print in shallow descent, it is looking very nice.
It now appears to be a matter of waiting for the train to arrive.
Could be quite a fast train I think 😅🚝.
Not advice
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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