Let me start off by saying that Ripple looks like shit.
Bias - Bearish
I see some potential long opportunities in the future, but it's going to take some patience. Besides the bullish wedge, this price chart is extremely bearish to me. Let's begin!
Confluence (3 or more):
1. Price is moving away from it's lowest point
2. Order Block (0.2425-0.3273) was breached. Precursor.
3. Multiple hits on diagonal resistance. Weakness.
Long - I would wait for a clean B.A.R. of the $0.3273 level with Take Profit set for the PPZ (0.5100). Another location for a long opportunity I would be interested in is if Price Action does a B.A.R. of the $0.6243 level, but I'll have 2 Take Profits for that scenario. Let me know what areas you think they may be.
Other than that I wouldn't be interested in Ripple until I see more Price Action play out for clues. We shall see.
*NOT FINANCIAL ADVICE*
Bias - Bearish
I see some potential long opportunities in the future, but it's going to take some patience. Besides the bullish wedge, this price chart is extremely bearish to me. Let's begin!
Confluence (3 or more):
1. Price is moving away from it's lowest point
2. Order Block (0.2425-0.3273) was breached. Precursor.
3. Multiple hits on diagonal resistance. Weakness.
Long - I would wait for a clean B.A.R. of the $0.3273 level with Take Profit set for the PPZ (0.5100). Another location for a long opportunity I would be interested in is if Price Action does a B.A.R. of the $0.6243 level, but I'll have 2 Take Profits for that scenario. Let me know what areas you think they may be.
Other than that I wouldn't be interested in Ripple until I see more Price Action play out for clues. We shall see.
*NOT FINANCIAL ADVICE*
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。