XRP / TetherUSāđāļāļīāđāļĄāļāļķāđāļ
XRPUSDT is creating a bullflag ðĶ
āļāļĩāđāļāļąāļāđāļāļ:
the price got a rejection from the monthly resistance on 0.91$ after a bullish impulse.
After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach?
I'm monitoring the price, I'd like to see a clear breakout from the bullflag.
After the breakout I could see a rejection from the 0.78$, it's a monthly one.
If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward.
ââââ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach?
I'm monitoring the price, I'd like to see a clear breakout from the bullflag.
After the breakout I could see a rejection from the 0.78$, it's a monthly one.
If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward.
ââââ
Keep in mind.
ðĢ Purple structure -> Monthly structure.
ðī Red structure -> Weekly structure.
ðĩ Blue structure -> Daily structure.
ðĄ Yellow structure -> 4h structure.
āļāļąāļāļāļķāļ
The price got a rejection exactly from the monthly resistance on 0.77$Wait for the breakout
āļāļąāļāļāļķāļ
The price got a rejection exactly from our Monthly structure.We need to have a breakout from it to applying our rules for a new long position.
āļāļąāļāļāļķāļ
The price is testing the monthly again! ð
āļāļąāļāļāļķāļ
After the breakout from the monthly resistance (due to the news), the price is testing the supply zone on 0.8$.The price could retest monthly for new liquidity and new bullish impulse
āļāļēāļĢāļāļģāđāļŠāļāļāļāļĩāđāđāļāļĩāđāļĒāļ§āļāđāļāļ
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
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