Ripple, 1D, Binance. I do not want to analyze less timeframes, because there's no volume.
We have an upwards channel, and now we are almost in the middle of it. Yellow blocks - are trade negotiations in 4H timeframe, blue one too. <?> - are a target to short squeeze, as always. So, the introduction is over, lets begin.
Now we are testing the first yellow block, if the price goes lower, you should check the price reaction to the middle of upwards channel. If it broke it - the possibility to go lower will increase. Long setup will be if the price can break through the blue block and test its upper border from up. That would be a nice set up to buy.
BUT! Look at the volume - it's almost empty. And the candles tell us: "The MM can make a nice impulse, if he wants ". So, do not hurry and be careful! You have only one deposit and infinity to make an order. Save your deposit!
More details and feed back on twitter.
We have an upwards channel, and now we are almost in the middle of it. Yellow blocks - are trade negotiations in 4H timeframe, blue one too. <?> - are a target to short squeeze, as always. So, the introduction is over, lets begin.
Now we are testing the first yellow block, if the price goes lower, you should check the price reaction to the middle of upwards channel. If it broke it - the possibility to go lower will increase. Long setup will be if the price can break through the blue block and test its upper border from up. That would be a nice set up to buy.
BUT! Look at the volume - it's almost empty. And the candles tell us: "The MM can make a nice impulse, if he wants ". So, do not hurry and be careful! You have only one deposit and infinity to make an order. Save your deposit!
More details and feed back on twitter.