Ripple’s recent surge has been a sight to behold. However, as a contrarian at heart, I prefer to buy the dip rather than chase green candles. While the bullish trend is clear, I’m patiently waiting for a pullback to accumulate more XRP at a more favorable price. Looking at the one-hour chart, it’s evident that there’s significant selling pressure around the $2 mark. Additionally, the divergence between price and volume is a concerning sign. While the price continues to rise, the trading volume has been declining, suggesting a potential loss of buying momentum. This could indicate a weakening of the uptrend and a potential pullback. Ideally, I’ll like to see the RSI cool off while still keeping its bullish momentum.
https://www.tradingview.com/x/ZIVyhrqP/ Cycles: HWC:uptrend MWC:uptrend LWC: weak uptrend So I am not talking about the shorts position because all the cycles are dry Important points; ? 1.The number of hits weakens that level and shows its strength Three hits to the top line and four to the bottom line 2.The volume is also decreasing, which I think we are naturally correcting I don't see it as a weakness? You can enter depending on your strategy If you want me to analyze a coin, tell me in the comment? ⚠️ Do capital management to survive ⚠️
Dear traders, XAUUSD currently making AB=CD pattern where A to B pattern has already been created, we are currently in a verge of creating C to D move. The fundamental also support our view, the price of the gold drop in a wake of elections announcement. US presidential result led the decline in the gold prices as DXY prices rose up significantly. However, as the market settles we are seeing price going back to its previous trend. Please be extra cautious while trading gold. Good luck!
Greetings SHIB on the monthly needs to close above March 2024 closing price to continue the uptrend and not form a double top and have a possible price reversal. RSI and SRSI are very healthy for now. Have a safe day
Even though the overall bias is bullish, price in the daily chart is in overextended RSI conditions and beginning to show bearish divergence. Next major resistance is the green zone around 0.00006. Major support is the gray zone just above 0.00004. I will be watching for pullbacks to enter long trades targeting the green resistance.
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//@version=5 strategy("52-Week High/Low Breakout Strategy", overlay=true) // Define 52-week high and low lookbackPeriod = 52 * 5 // 52 weeks * 5 trading days in a week highest52Week = ta.highest(high, lookbackPeriod) lowest52Week = ta.lowest(low, lookbackPeriod) // Buy condition: Close above the 52-week high buyCondition = close > highest52Week // for accessing the previous value if (buyCondition) strategy.entry("Buy", strategy.long) // Sell condition: Close below the 52-week low sellCondition = close < lowest52Week if (sellCondition) strategy.entry("Sell", strategy.short) // Plot the levels for visual reference plot(highest52Week, color=color.green, linewidth=2, title="52-Week High") plot(lowest52Week, color=color.red, linewidth=2, title="52-Week Low")
Support and finding a reversal with a big monthly bullish engulfing candle. SOON WILL BE PUMP AND NEED TO WAIT Everything on the chart. Entry zone: market and lower Targets: 0.00000485 - 0.00001035 - 0.00002400
NALUSDT is a meme coin, and while I generally avoid trading them, the chart looks fantastic right now. It’s setting up for a potential big movement, but be cautious. If you're considering entering, use low margin and manage your risk carefully, as meme coins can be very volatile.
Based on the monthly close analysis, if the market tests the 2700 level in December and holds it as support, a bearish trend may emerge, potentially targeting the 2400 range. However, if the market first tests the 2594–2600 range and holds above it, a bullish close for the month is likely, potentially leading to a higher high and a continuation of the upward momentum. On the weekly timeframe, given the rejection from the Weekly Fair Value Gap (FVG) or Imbalance (IMB), a break above last week's high at 2725 could signal another bullish week and the potential for a new higher high. As with the monthly view, the direction of the initial movement on Monday or Tuesday will be critical, as it could indicate the week's manipulation phase and set the tone for the overall trend. On the daily timeframe, the same FVG (IMB) was respected, but due to the internal Change of Character (CHOCH), the market reacted. If the 2725–2726 resistance level holds, another bearish move toward the 2460–2465 range can be expected. As before, the market's behavior on Monday and Tuesday will play a pivotal role in determining the overall direction.