Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase.
π For the bulls to maintain control, we need a break above the 0.7345 resistance highlighted in blue.
π Meanwhile, XRP could still face rejection at the resistance, which can be confirmed on lower timeframes. In this scenario, a correction towards the 0.55 support level would be anticipated.
π Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
π After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase.
π For the bulls to maintain control, we need a break above the 0.7345 resistance highlighted in blue.
π Meanwhile, XRP could still face rejection at the resistance, which can be confirmed on lower timeframes. In this scenario, a correction towards the 0.55 support level would be anticipated.
π Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT