Two major decision point coliding on XRP/USD
Even more clear to see on the 5 minute candles but the bullish pennant has been respected on both up and downside of the triangle.
It has touched both line's of the pennant 5 times near perfectly and thus respected it's trend.
Also the end of the bullish pennant comes together exactly on the point of ripple's long term trendline up since the push started.
Long if clear break out of the upper resistance line of the pennant.
If we will see a break, it should happen within 3 hours.
Bitcoin has been rising aswell which could ruin the party, Bitcoin is looking to push through yesterday's resitance which COULD stop Ripple in another leg up.
It has touched both line's of the pennant 5 times near perfectly and thus respected it's trend.
Also the end of the bullish pennant comes together exactly on the point of ripple's long term trendline up since the push started.
Long if clear break out of the upper resistance line of the pennant.
If we will see a break, it should happen within 3 hours.
Bitcoin has been rising aswell which could ruin the party, Bitcoin is looking to push through yesterday's resitance which COULD stop Ripple in another leg up.
Order cancelled
As expected due to the Bitcoin rise, trade has been cancelled
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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.