CryptoYodaChartin
Long

XRP Shortterm M15 Wedge Pattern

POLONIEX:XRPBTC   Ripple / Bitcoin
Good Opportunity to add on longs for the incoming breakout on Daily Scale. Look for any failed breakout into the supportrange and buy where shorts will likely have their stopps.
Comment: Also in H1 EMA 20 is just below, so buy the first closed hourly bull bar with good volume as a failed breakout attempt under the EMA20
Comment: breakout to the upside, strong support here! Watch out for any reversal in M5 with high volume. Should prices confirm this downside breakout look for another support around 1250 - 1200
Comment: breakout to the downside, strong support here! Watch out for any reversal in M5 with high volume. Should prices confirm this downside breakout look for another support around 1250 - 1200
Comment: increasing volume in M5. Potential sell climax
Comment: Buyers coming back into the markets, in case this M5 reversal closes strongly, buy the top of the bar
Comment: Measured move distance of the wave before. Definitely supportzone around 1280.
First Bull bar after potential climax, however tail on top, moderate strength. very early entry, high risk still. would further wait & observe frfor a second entry
Comment: very early entry bar triggered at 1288 despite several walls at this level. observe volume and strength of the next bar for more information
Comment: shorts in the market and protective walls around 1287. keep observing
Comment: first bull bar after 9 bear bars/dojis. potential long entry at 1289 in good context
Comment: right now with about 50 BTC walls to 1289 might be difficult to be eaten unless big buyers come in. With an eye on BTC/CNY currently not much trading is going on. traders probably waiting for more information @ BTCCNY to proceed
Comment: currently higher low at M1, would be confirmed with a higher high at 1289 for the resumption of the bull trend. Still walls above though
Comment: ii pattern in M5, both bull bars. entry at 1285, which would make a second entry. still early and risky buy, beware.
Comment: more bull bars in M5, seems like selling comes to an end.
Comment: slowly sliding through the upper trendline of the descending wedge. could attract more buyer the longer prices stay at this level
Comment: low volume after potential sell climax. this looks like a good buy setup for a swing high. Early entry at 1285
Trade active: Entry 1285. Risky Trade, very early positioning.
Comment: Potential addon @ 1289 at the recent high for a higher low, higher high setup and likely resumption of upward trend after correction
Comment: Strong upwards breakout with high volume, try to get in around 1289-1291
Comment: Strong M5 bar with high volume and no tail on top. Entry 1301. Rather try to get in around 1289 - 1291
Comment: High volume bull bar @ M15 breaking the upper wedge trendline. If prices move above 1300 sell climax is confirmed and reversed, potential long in larger timeframe
Comment: Expecting another retest of the zone around 1990 before going through
Comment: Second Entry triggered @ 1301 for the continuation of the longterm upward trend. Early entry confirmed
Comment: low volume trading atm. retest 1390 vs confirmation of breakout 1304
Comment: numbers are difficult.

low volume trading atm. retest 1290 vs confirmation of breakout 1304
Comment: Retesting EMA 20 @ M3 at 1294. EMA 20 @ M5 currently at 1290
Comment: Basically retesting the EMA 20 in M5 would indicate relatively normal market behavior in this Major Trend Reversal. Confirming the breakout without retesting EMA 20 would indicate stronger buying pressure
Comment: First Hourly Bar closed, reversing the breakout under the EMA 20 upwards. Appropiate long when confirmed at 1304.
Comment: Giving the situation offers several entries for a long on several timeframes I expect the pump to be significant when breaking 1304 levels
Comment: Successfully retested the EMA 20 in M5 at 1291, should reverse from here
Comment: Perfect Setup for a long at 1304
Comment: Low volume dump in an attemp to retest the previous ii pattern in M5
Comment: Total Buy orders increased by 25% during last bars
Comment: breakout under EMA 20 in M5. In speculation of an failed breakout and entry at 1304, position early at 1288
Comment: Strong breakout triggering the entry @ 1288 & 1304. up from here
Comment: In case you read it after the initial breakout, place positions at 1304 which should become support now
Comment: high volume on breakout, absence of sellers atm. standstill
Comment: Breakout confirmed. let it run.

use your preferred stop mode
Comment: alternatively place your stopp at your entry to be break even. let it run high, like daily
Comment: Retested previous high at 1302. add on on any reversal here
Comment: Reversal in M5, failed breakout under the support level of the previous high and EMA 20. expect two legs up. entry at 1306
Comment: M15 reversal bar in good context. entry 1312
Comment: BTC making a move, resulting in sell off in XRP. welcome to crypto
Comment: Setting up a higher low after sell climax. potential long at 1283, however risky under current circumstances.
Comment: BTC moving up. Stay flat if no position
Comment: Higher high confirmed, long. Up from here
BTC making a move, resulting in sell off in XRP. welcome to crypto
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Strong upwards breakout with high volume, try to get in around 1289-1291
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slowly sliding through the upper trendline of the descending wedge. could attract more buyer the longer prices stay at this level
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first bull bar after 9 bear bars/dojis. potential long entry at 1289 in good context
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