We believe there are excellent chances of bullish momentum on XRPUSD and overall crypto setups, especially if the USD weakness, which it could over the next few days, maybe even today.
We are long XRPUSD and believe RIPPLE might be in a strong chance to go in the high 0.60's
Good luck trading!
Hey guys!
Been a while since we posted a trade setup here and I think there is no better time than today! We just went long BTCUSD and were expecting new a ATH!
There are many good reasons for the long, but heres a recap of them in text too:
4H
- Rejection zone / Support
- 38.2% fib of main high
- RSI low
1H
- Rejection candle
- Contraction
- RSI low
The price is now ranging between the 10900 and 11300 levels.
If the BTC manages to break the 11300 and close above it, we should see the price reaching 12000. However, if it fails most likely We could see the coin reaching 10350 again.
Good Luck!
The video shows a contracting wedge into a zone of congestion. This is sometimes a reversal pattern.
I make no predictions. I explain carefully about losses and risk management of this situation.
Disclaimer: This is not financial advice or an encouragement to trade in securities. No liabilities accepted. Your losses are your own. This means you sue yourself...
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