Im watching two possible areas to long Ripple.
1) a breakout from the ascending triangle up to the resistance from the previous big wedge.
2) MA50 4hr has been very strong support for Ripple, if this support fails and it finds support on the bottom of the channel this will become a good entry zone.
AS ALWAYS, keep any eye on the price of BTC. If bitcoin starts nosediving hard then usually it will void long setups of the entire crypto market in any alt. keep this in mind.
1) a breakout from the ascending triangle up to the resistance from the previous big wedge.
2) MA50 4hr has been very strong support for Ripple, if this support fails and it finds support on the bottom of the channel this will become a good entry zone.
AS ALWAYS, keep any eye on the price of BTC. If bitcoin starts nosediving hard then usually it will void long setups of the entire crypto market in any alt. keep this in mind.
Note
trade will be active if we get above support and confirm it as such.With a strong sudden crash to the buy zone you need to be extra careful with stop losses, this could just be a pit stop on the road to further down.
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.