As we can see on the 4H time frame we have had previous Higher highs and Higher lows.
We are now waiting for a break above our Daily Resistance level at 106.800 and also a strong previous Supply zone at 106.650.
We will be aware that price could in fact reject the Supply zone and break below trend towards 107.350 which we would look to enter upon a break of...
Are you a long term investor into XRP? Then you should stay focused on simplicity.
Keep in mind that less is always more. Those triangles may not mean much to you, until XRP starts doing it's magic according to this chart. I named it 'ROCKET LAUNCH ZONE' because that's the most important zone that we must pass to create higher-highs and keep the bulls strong....
The weekly timeframe outlines a bigger bearish flag pattern with already prior 3 touch confirmations followed by lower lows towards the bottom of the flag. Considering the approach towards the bottom of the channel we see a lower time frame (4hr) flag pattern which we can evaluate from the analysis I have posted above.
Trade active after the third touch...
After witnessing a break through on the daily/weekly bullish flag pattern we only seek to look for buy opportunities.
The break out of the bigger picture time frame was followed by a lower time frame retracement in the form of a bullish flag pattern.
Entry taken upon the third touch confirmation within the bullish flag pattern followed by a 4hr bullish engulfing...
This is BitOwned with another trade setup for you ready for take off.
After the surprise drop from the cliff of BITFINEX:XRPUSD, that no one was expecting to happen (That should have been an alarm bell!), I took a step back as I usually like to do and waited for the chart to mature to find the best trade setup for you.
XRP/USD have stayed in the accumulation...
FIRST ENTRY 105
SECOND ENTRY 90
DEVIATION OF ABOUT 12%
NO SL IN HISTORICAL ALL TIME LOW
SHOWING STRONG SUPPORT
RULE OF COST AVERAGE
IF YOUR FIRST ENTRY IS 1
YOUR SECOND ENTRY IS 2
YOUR THIRD ENTRY IS 3
SO YOUR EXIT PRICE FOR ALL YOU SHAKY HANDS IS LOWER TO YOUR INITIAL BUY AND LOWER THAN THE MEDIAN %
BLOX seems to be accumulating nicely
A massive wick showed someone or something haha accumulating and not leaving the price fall below 100 SAT
Expect a small correction before another leg up!
accumulate between 130-90
Target around 160 as minimum