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pedrogarrinhas
Nov 25, 2020 4:28 PM

XRPBTC - 4H - Breakout trade? 

XRP / BitcoinBinance

Description

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.

Comments
InkyGrip
nice chart! thanks my friend 👍🏻🦐🔥
pedrogarrinhas
@plancton0618 did you see my XRPBTC analysis yesterday?
pedrogarrinhas
Thanks! I hope it helped you!
Did you short or got stopped out?
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