XRPלונג
XRPUSD Update
Here why I'm calm with current price action:
- Over the past 4 days have been seeing an EMA convergence (5D,20D & 50D) with price flattening into a sideways range
- This narrow trading range usually indicates imminent breakout
- Sustained selling pressure is not backed by large volumes with 4H volume level consistently below the 14-day fast moving average
- Massive Buy wall established at $0.75 , indicating large buy orders have been lined and every small dip to the 0.75 value region leads to further accumulation of long positions and bounce back/rejection (note: chart is showing depth chart for Binance, same can be seen on poloniex)
Only a matter of time before we lift off. Patience is the name of the game.
- Over the past 4 days have been seeing an EMA convergence (5D,20D & 50D) with price flattening into a sideways range
- This narrow trading range usually indicates imminent breakout
- Sustained selling pressure is not backed by large volumes with 4H volume level consistently below the 14-day fast moving average
- Massive Buy wall established at $0.75 , indicating large buy orders have been lined and every small dip to the 0.75 value region leads to further accumulation of long positions and bounce back/rejection (note: chart is showing depth chart for Binance, same can be seen on poloniex)
Only a matter of time before we lift off. Patience is the name of the game.
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.