XRP - TRIO RETEST 3️⃣ UPDATE

19 mai 2023Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), we were waiting for XRP to approach the 0.42 zone to look for buy setups as it was the intersection of three rejection zones.

Now XRP rejected our purple zone and traded higher sitting around the upper red trendline acting as a non-horizontal resistance.

🏹 For the bulls to remain in control, we need a break above the last major high in orange and upper red trendline.

Meanwhile, the bears can still kick in for one more correction. In this case, as we approach the green support again, we will be looking for new short-term buy setups.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich