XRP we continue studying..
We have:
1H Trend: 🟢 bullish
Price vs EMAs: 🟢
EMA7 > EMA25 > EMA99: 🟢
MACD: 🟢 positive
StochRSI: 🟡 cooling down
Resistance: 🔴 1.5958–1.60
Short support: 🟡 1.55–1.558
Important support: 🟢 1.528–1.532
So I would NOT chase XRP at 1.5628.
I would wait to see what it does.
Scenario A 🟢
1.5958 → breaks with volume → holds the zone
There we would need to study a possible continuation.
Scenario B 🟡
1.5628 → pulls back → reaches 1.55–1.558 → finds buyers
That would give us another interesting structure to watch.
Scenario C 🔴
It loses 1.55 and then 1.528–1.532 with strength.
At that point we wouldn’t assume the uptrend continues.
😁😁question as an exercise, 😏
Without me telling you the answer:
If you had to mark it right now in the screenshot:
Where would you place the resistance?
Where would you place the first support?
Do you see the 1H trend as bullish or bearish?
And most importantly: would you enter LONG right now at 1.5628 or would you wait?
answer...
We have:
1H Trend: 🟢 bullish
Price vs EMAs: 🟢
EMA7 > EMA25 > EMA99: 🟢
MACD: 🟢 positive
StochRSI: 🟡 cooling down
Resistance: 🔴 1.5958–1.60
Short support: 🟡 1.55–1.558
Important support: 🟢 1.528–1.532
So I would NOT chase XRP at 1.5628.
I would wait to see what it does.
Scenario A 🟢
1.5958 → breaks with volume → holds the zone
There we would need to study a possible continuation.
Scenario B 🟡
1.5628 → pulls back → reaches 1.55–1.558 → finds buyers
That would give us another interesting structure to watch.
Scenario C 🔴
It loses 1.55 and then 1.528–1.532 with strength.
At that point we wouldn’t assume the uptrend continues.
😁😁question as an exercise, 😏
Without me telling you the answer:
If you had to mark it right now in the screenshot:
Where would you place the resistance?
Where would you place the first support?
Do you see the 1H trend as bullish or bearish?
And most importantly: would you enter LONG right now at 1.5628 or would you wait?
answer...
