Daily scalping opportunities : #XRPUSDT #LTCUSDT , and #Shibusdt
For those looking to execute short-term scalping strategies, Ripple (XRP), Litecoin (LTC), and Shiba Inu (SHIB) present compelling opportunities based on their current price action and technical patterns. Below, we discuss the price action, patterns formed, and supporting indicators for each cryptocurrency.
1. Ripple $XRP
Price Action: XRP is experiencing a strong bullish trend, showing consistent upward movement.
Pattern Formed: Bullish Pennant, indicating the potential for a continuation of the upward trend.
Supporting Indicators:
VWAP: XRP price is consistently above the VWAP, indicating strong buying pressure.
RSI: At 64, suggesting healthy bullish momentum without being overbought.
Volume: High trading volumes support the sustainability of the bullish trend.
2. Litecoin $LTC
Price Action: LTC has shown a solid uptrend with minor pullbacks, providing good scalping opportunities.
Pattern Formed: Ascending Triangle, a bullish continuation pattern signaling potential upward breakout.Supporting
SMA 200: LTC is trading above the 200-day SMA, confirming a long-term bullish trend.
Bollinger Bands: Prices are near the upper band, indicating strong bullish momentum.
RSI: At 67, showing bullish strength while nearing overbought levels.
3. Shiba Inu $SHIB
Price Action: SHIB is in a steady upward trajectory with significant bullish movements.
Pattern Formed: Ascending Triangle, indicating possible continuation of the bullish trend.
Supporting Indicators:
SHIB consistently trades above the VWAP, showing sustained buying interest.
RSI: At 62, indicating strong but controlled bullish momentum.
Volume: High trading volumes align with the bullish price action, supporting the trend.
Disclaimer
This article is not financial advice. Trading cryptocurrency involves high risk, and decisions should be based on thorough research.