XRP created a double bottom at our previous resistance and in our 200ema
formed a Triangle pattern, this pattern is a continuation pattern. I place a buy limit @ 620 for more room for profit then i will enter if its break if my limit order dont fill
We broker our downward trendline last month and now its creating HH and HL
breakout from our channel, maybe later we can expect a pullback but we are on still bullish on coin
It seems to breakout soon. Our volume indicator is increasing and our triangle patter might breaksoon
We expect to go to the supply zone and retrace
It creates a symmetrical triangle pattern in daily tf. I expect to move it higher when in the following weeks
I do the top down analysis, violet zone are weekly zone and blue is daily zone and now on our entry tf which is 4h had an bearish pin bar
Once it confirms breakout from our neckline we can go short
Monitor the 2 area if there is candle stick rejection or candlestick formation that will form then enter a trade
Rejected from our previous support and 50&60% fib
Bitcoin expect to create a inverted head and shoulders. We can expect to break our neckline tomorrow after it hits the 50% or 61.8% fib