iBeardy

XRP: BULLISH signs on the daily chart

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BINANCE:XRPBUSD   None
Looking at the The Oracle, we can see several bullish signs on the daily XRP chart:

  1. Stochastic very low
  2. Yellow/Blue long signal
  3. And bullish hidden divergences

Now as always, after seeing such early signals, i try to find a trendline. And voila, there is one on the RSI acting as resistance.

So whats next?
As soon as the RSI on the daily closes above the resistance trendline, we can expect 3 outcomes:

  1. - Pump: pump without retrace
  2. - Golden Pocket: Retest of the golden pocket after RSI closed above the trendline
  3. - StopLoss: If the daily RSI closes above the trendline, then stop loss is last local low (at $0.5965)

I enter longs ONLY after the RSI closes above these trendlines.
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