XRP looks bullish on the weekly. Last Weekly engulfing previous bearish candle.
Crossing over 200EMA after bouncing on the 50EMA.
$0.5735 & $0.5968 is not out of the picture,
and appears to be a liquidity zone just after the equal highs/buyside of $0.5494
A balanced price range sits from 0.55 to 0.60. With a Consequent Encroachment at $0.5733.
I usually treat the CE as a battleground for price action to find its equilibrium, but as we just broke higher time frame bearish bias I believe if we trade through the CE of the BPR, that XRP will rally to the next PD Array which I will consider the 0.67 FVG on the weekly.
Overall bullish on XRP for HTF.
Crossing over 200EMA after bouncing on the 50EMA.
$0.5735 & $0.5968 is not out of the picture,
and appears to be a liquidity zone just after the equal highs/buyside of $0.5494
A balanced price range sits from 0.55 to 0.60. With a Consequent Encroachment at $0.5733.
I usually treat the CE as a battleground for price action to find its equilibrium, but as we just broke higher time frame bearish bias I believe if we trade through the CE of the BPR, that XRP will rally to the next PD Array which I will consider the 0.67 FVG on the weekly.
Overall bullish on XRP for HTF.