✴️ Tricky But We Aim Bullish Unless...

24 เม.ย. 2023

This one is a bit more tricky, XRPUSDT.

Notice the left side of the chart, we can see the top of the channel being activated leads to a correction.

On the right side, the top of the channel has been activated and we do have a correction...

A bounce happened at 0.5 Fib. retracement, a level were corrections can end.

So I am drawing two arrows... The green one points to the immediate resumption of the bullish wave, that's where the signals are pointing now.

The blue one shows additional correction before up.

The reason why I am going bullish on this one early is because of the 4H timeframe... The RSI hit its lowest level since November 2022, once the RSI becomes oversold normally we see up.

Patience is key of course and only the actual price action will confirm what is going on.

Regardless of what happens in the short-term, we can continue aiming for higher highs and higher lows.

See the Binance Coin trade idea which is related to this one, if you want more.

Namaste.