Ripple is currently forming a huge triangle forming since the middle of 2017.
It is currently just bouncing of it's trendline and could be a hugely rewarding trade if it were to bounce from this trendline and break bullish.
Buy in between 8400-8500 Satoshi
Stop loss just under 8400 Satoshi
Targets (only the first targets, could very well go much higher if it has another bullish cycle) 10200, 11000, 12500 Satoshi
1H MACD is currently in near equilibrium state
RSI is forming a trendline on the daily
Important
If Ripple breaks down below the trendline on the XRP/BTC pair it is probably time for a big short, so trade with caution and have your stop loss set
It is currently just bouncing of it's trendline and could be a hugely rewarding trade if it were to bounce from this trendline and break bullish.
Buy in between 8400-8500 Satoshi
Stop loss just under 8400 Satoshi
Targets (only the first targets, could very well go much higher if it has another bullish cycle) 10200, 11000, 12500 Satoshi
1H MACD is currently in near equilibrium state
RSI is forming a trendline on the daily
Important
If Ripple breaks down below the trendline on the XRP/BTC pair it is probably time for a big short, so trade with caution and have your stop loss set
Kommentera:
Equilibrium state on MACD
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XRPUSD 50 EMA and 100 EMA seem to be ready to cross on the daily
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Also a very nice reversal candle on there ^
Kommentera:
1H MACD breaking equilibrium
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BTC down - enjoy the short instead!
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
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If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ