XRP/USD has been stuck in a range since last night. There was a huge drop when the price broke out of the range in the London session.
The Point of Control (POC) is above the price and the price has moved well below the resistance line. So, we can expect the price to test the resistance zone.
What can we do from here?
XRPUSD.P
We can do the following steps from here to confirm our long/short entry.
1. - First of all we should wait for the formation of Point of Control at any point from here (Point of Control is the place where there is a lot of volume or pending orders, this is RSI based)
1.1 - If the price breaks the high of POC candle and sustains and the resistance zone is far away then we will first look for a short scalp trade from here and later if the trendline breakout or NY session break happens and double confirmation is received then we will again look for swing.
1.2 - Now if we look for short entry then because POC and resistance are already formed and price is stuck in NY range then if NY range breaks then we can make a short entry after the confirmation candle
Note -- If price has just broken London or NY session box High or Low with volume, and RSI confirmation —
→ a big bullish move/trending movement is expected.
If the break is up (“BUY” signal/label) — price will move up with stability.
If the break is down (“SELL” signal/label) — fast selling is possible.
According to Scalp MA logic —
After a pullback, on fresh buy or sell signal, especially when scalp_state goes to “BUY” or “SELL” — a few candles will continue the trend in momentum.
RSI Trend:
If 34 RSI > 70 — overbought, upward slowdown or consolidation, risk of major downtrend.
If 34 RSI < 30 — oversold, short covering or reversal possible.
But if the trend-score (e_trendScore) > 3 or < -3 — Strong Buy/Sell will be formed.
Trendline breakout:
If confirmed breakout happens from TL (ATR/stdev/linreg) then strong market movement is possible after that.
Actual probability (Generalized):
The current trend will depend only on the margins of triggers (BUY/SELL Labels) and dashboard analytics.
Trend change will come only when —
Price breaks the session box, And the indicator confirms (volume, RSI, MA crossover).
Entry only on getting strong signal, otherwise avoid scalping in range and whipsaw.
This is for only education purpose before entry please research properly
The Point of Control (POC) is above the price and the price has moved well below the resistance line. So, we can expect the price to test the resistance zone.
What can we do from here?
XRPUSD.P We can do the following steps from here to confirm our long/short entry.
1. - First of all we should wait for the formation of Point of Control at any point from here (Point of Control is the place where there is a lot of volume or pending orders, this is RSI based)
1.1 - If the price breaks the high of POC candle and sustains and the resistance zone is far away then we will first look for a short scalp trade from here and later if the trendline breakout or NY session break happens and double confirmation is received then we will again look for swing.
1.2 - Now if we look for short entry then because POC and resistance are already formed and price is stuck in NY range then if NY range breaks then we can make a short entry after the confirmation candle
Note -- If price has just broken London or NY session box High or Low with volume, and RSI confirmation —
→ a big bullish move/trending movement is expected.
If the break is up (“BUY” signal/label) — price will move up with stability.
If the break is down (“SELL” signal/label) — fast selling is possible.
According to Scalp MA logic —
After a pullback, on fresh buy or sell signal, especially when scalp_state goes to “BUY” or “SELL” — a few candles will continue the trend in momentum.
RSI Trend:
If 34 RSI > 70 — overbought, upward slowdown or consolidation, risk of major downtrend.
If 34 RSI < 30 — oversold, short covering or reversal possible.
But if the trend-score (e_trendScore) > 3 or < -3 — Strong Buy/Sell will be formed.
Trendline breakout:
If confirmed breakout happens from TL (ATR/stdev/linreg) then strong market movement is possible after that.
Actual probability (Generalized):
The current trend will depend only on the margins of triggers (BUY/SELL Labels) and dashboard analytics.
Trend change will come only when —
Price breaks the session box, And the indicator confirms (volume, RSI, MA crossover).
Entry only on getting strong signal, otherwise avoid scalping in range and whipsaw.
This is for only education purpose before entry please research properly
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.