A STRONG BUY BIAS ON THE 4H XRP/BTC chart
Goodday,
Dear Trader on the XRP/BTC 4H chart we can obviously see the Following confluence reasons;
1. Series of Retest on The Major Support Level, despite the predominant downtrend, we can only see a couple of fakeouts from the support, but it's still very much valid.
2. A range/consolidation in price currently, showing that the impulse of the Predominant Trend is getting weakened and might Turn out to be an impending reversal
3. Breakout and retest of a well respected Trendline, That combines to give a Descending triangle
Dear Trader on the XRP/BTC 4H chart we can obviously see the Following confluence reasons;
1. Series of Retest on The Major Support Level, despite the predominant downtrend, we can only see a couple of fakeouts from the support, but it's still very much valid.
2. A range/consolidation in price currently, showing that the impulse of the Predominant Trend is getting weakened and might Turn out to be an impending reversal
3. Breakout and retest of a well respected Trendline, That combines to give a Descending triangle
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.