pedrogarrinhas

XRPBTC - 4H - Breakout trade?

pedrogarrinhas Updated   
BINANCE:XRPBTC   XRP / Bitcoin
Not a financial advisor!

IMO XRPBTC has still some fuel in the tank!

Looking at the current consolidation, it seems that it is repeating the previous bull flag.
On the chart, you can see that there an ascending triangle under development on the 4h.

As we are under bullish conditions I am inclined for a break to the upside.
But you have to be prepared for all...therefore one should consider entering a short or having a stop loss below the flag.

(good luck)
Trade closed: stop reached:
XRPBTC Broke down!

Currently and on the XRPUSD 15min there is some hidden bullish divergence ... not sure how relevant it is but to be considered.


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