pedrogarrinhas

XRPUSD - 4h - Breakout up or down?

pedrogarrinhas アップデート済   
BINANCE:XRPUSDT   XRP / TetherUS
Not a financial advisor!

Not biased on a specific direction therefore looking at the price breakout.
Probably I am opinion biased but if the market shows me something else...I have to change in accordance to it!

Considering current price action trend + RSI support + Stoch RSI ... I am surely leaning bullish.
If this is Bull Flag it will be easy to calculate the target.
Some supports below!


コメント:
RSI 1D looks a bit overextended! => this would be an argument for a dump!
RSI 4h looks like it is holding support! Still can go lower!
Volume decreasing!

Only consider a breakout in case you see a relevant price candle size AND volume!
At the moment price has gone through the Apex of the triangle as if the triangle formation was not there. Therefore possibly a more reliable way to see it would possibly be looking at horizontal ranges.

コメント:
RSI 1h seems to be holding that long term support.
Below some horizontal levels to consider at this consolidation that can be used to increase or decrease your position.


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