It looks like XRPUSD is preparing for a strong bullish wave.
On 8H chart we see a perfect example of a bullish accumulation:
the price sets a sequence of higher lows and respects the same highs.
0.5 is current horizontal resistance.
Wait for its bullish breakout (8H candle close above)
then buy aggressively or on a retest.
Goals will be:
0.56
0.63
in case of a bearish breakout of triangle's support,
setup will be invalid.
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✅Join My Telegram Channel: t.me/VasilyTrading
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.