RIPPLE POTENTIAL LONG
I have been monitoring the cryptocurrency markets lately and Ripple has now officially caught my attention, and I'm sure the attention of others, this is why I wanted to make a post on it. Based on this last weeks volume I had seen a very strong momentum push by the buyers showing me the very strong interest in a potential purchase in this currency pair. Lets take a look at my analysis on it !
1W Chart:
*if you look on the weekly chart you can see the biggest push of momentum in MONTHS
*buyers had showed very strong interest from the .20-.25 cent and had sent price up into the .80 cent levels
*weekly candle has left a very large and strong bullish candle
1D Chart:
*on this chart price had broken structure around the .47 cent price area
*look for a weak seller pullback if we see one back into the .47 cent price levels
*watch for strong buyer momentum in this price are
Always make sure to approach the markets with a consistent and disciplined approach. It's about letting the market tell YOU what it wants not YOU telling the market. Make sure to always implement good risk management into every trade and approach it as a strategic business decision.
Keep an eye out ! Cheers!
Please like and follow my page for more Trades on TradingView!
I have been monitoring the cryptocurrency markets lately and Ripple has now officially caught my attention, and I'm sure the attention of others, this is why I wanted to make a post on it. Based on this last weeks volume I had seen a very strong momentum push by the buyers showing me the very strong interest in a potential purchase in this currency pair. Lets take a look at my analysis on it !
1W Chart:
*if you look on the weekly chart you can see the biggest push of momentum in MONTHS
*buyers had showed very strong interest from the .20-.25 cent and had sent price up into the .80 cent levels
*weekly candle has left a very large and strong bullish candle
1D Chart:
*on this chart price had broken structure around the .47 cent price area
*look for a weak seller pullback if we see one back into the .47 cent price levels
*watch for strong buyer momentum in this price are
Always make sure to approach the markets with a consistent and disciplined approach. It's about letting the market tell YOU what it wants not YOU telling the market. Make sure to always implement good risk management into every trade and approach it as a strategic business decision.
Keep an eye out ! Cheers!
Please like and follow my page for more Trades on TradingView!
Trade active:
If you entered this with the buyer interest on 1H close 50% of positions. Too much seller interest on 1H for not breaking 1H structure highs yet. Move SL to break even. Cheers!
Comment:
We can see now that the buyer interest is coming back in for this pair on the pullback. Buyer is much stronger than the seller. Cheers!