XRP my favorite pattern
My favorite pattern is with rollback. The initial movement is a rollback (where the finger is indicated), then there is a bullish movement, on which I wait 3 touches and breaks it, and naturally rollback to 0.24825.
While the trend is bullish and maybe a couple of days it will grow, since MA14 and MA28 show how they grow below the chart, especially MA28. Volumes are large, so we expect growth to 0.31401 after breaking through the trend and pullback.
If it breaks through 0.31401 and goes higher, then there will be continued growth to 0.33118 and, when consolidated above the level, it will go to 0.36311.
If it breaks the trend and rolls back to 0.24825, it is ideal to see fixtures below the level, after which the price will fall to the level of 0.23167, from which it will repel, since the level is a strong support, which was fixed by volumes.
While the trend is bullish and maybe a couple of days it will grow, since MA14 and MA28 show how they grow below the chart, especially MA28. Volumes are large, so we expect growth to 0.31401 after breaking through the trend and pullback.
If it breaks through 0.31401 and goes higher, then there will be continued growth to 0.33118 and, when consolidated above the level, it will go to 0.36311.
If it breaks the trend and rolls back to 0.24825, it is ideal to see fixtures below the level, after which the price will fall to the level of 0.23167, from which it will repel, since the level is a strong support, which was fixed by volumes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.