XRP - Broke the trendline, ready to fly?

Тема в разделе "English", создана пользователем Trading Ideas, 4 окт 2019.

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    XRP - Broke the trendline, ready to fly?
    XRP / Dollar BITFINEX:XRPUSD
    sdsti
    ExiNbKPG_mid.png
    Hello everyone!
    So tonight we're covering XRP on a quick update from the H4 perspective.

    1. As we can see the price broke the trendline and is giving sign of a retest near the 0.382 fib level and the minor support which align perfectly
    together and gives us a bull sign.

    2. The price is above 20 and 50 MA but rejected the 200 MA which acted as a support and drove price back to the retest zone, from the H1 the price
    is above all MA and is giving a strong bullish sign from that short term level and the MACD indicator is giving signs of bullish moves.
    3. The first target will be the major support which will lead us to 155 pips, around that time we'll see if the price break or hold that level of support
    which will give us an entry point to jump at the -1.618 fib level.

    4. The worst scenario would be a fake breakout of this trendline which we all know this could happen, there is no 100% in this game so this is
    normal, use a good R;R ratio so you don't get hurt.
     
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