This is a clean chart with no makeup, this chart clearly shows an uptrend.
The red arows are the lows, the green are the highs.
Market is bullish until this structure is clearly violated.
There are orders that sit above and below these highs and lows. At any point in time price is always moving towards these orders/prices. To take them out and continue or to bounce and reverse.
These also happen to be the safest places to trade.
Short term I'm short XRP but on the daily timeframe the bulish structure is intact.
The previous low is at ~0.17600, I will only commit to a bearish bias if that area is taken. I'm optimistic for one last push higher but my 0.7 scenario still a possibility.
I will post a full breakdown of/when the lows break.
All questions are welcome, I'm bored lol.
The red arows are the lows, the green are the highs.
Market is bullish until this structure is clearly violated.
There are orders that sit above and below these highs and lows. At any point in time price is always moving towards these orders/prices. To take them out and continue or to bounce and reverse.
These also happen to be the safest places to trade.
Short term I'm short XRP but on the daily timeframe the bulish structure is intact.
The previous low is at ~0.17600, I will only commit to a bearish bias if that area is taken. I'm optimistic for one last push higher but my 0.7 scenario still a possibility.
I will post a full breakdown of/when the lows break.
All questions are welcome, I'm bored lol.
