Get started
REKTCryptoTrader

Ripple | Possible Breakout Coming Up [Downtrend Broken]

Long
XRP / Bitcoin (BITFINEX:XRPBTC)  
REKTCryptoTrader  
BITFINEX:XRPBTC   XRP / Bitcoin
Trend Analysis Support and Resistance Chart Patterns Bitcoin (Cryptocurrency) ripple xrp BTC XRPBTC downtrendbreak Trend Line Break breakout
6
0
trendanalysis supportandresistance chartpattern bitcoin ripple xrp btc xrpbtc downtrendbreak trendlinebreak breakout
XRP/BTC broke the downward trendline that was established since 20 April '18. (marked as red)
We didn't see an increase in volume yet, so I'd wait for a break of the resistance area around 0.00004400 BTC before scaling into a Long.
If the area breaks, we will most likely see a huge pump.
A stop could be set around the most recent support line (marked as green).

Related Ideas

REKTCryptoTrader
Ripple | Round Two Coming Up? Potential Breakout [XRPBTC]
REKTCryptoTrader
Ripple | We Got The Breakout. Now What? [XRPUSD]
REKTCryptoTrader
Ripple [XRPUSD] | Consolidation [Inverse H&S]
REKTCryptoTrader
Ripple | Possible Breakout Coming Up [XRP/BTC]
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.