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ellegene
May 18, 2017 1:58 PM

XRPBTC Symmetrical Formation Long

XRP / BitcoinPoloniex

Description

I will wait for further confirmations but it looks like a good momentum squeeze opportunity is forming.

Comment

@AdamKen,
if you look at this old chart, you can see it is expected to move more sideways with a potential upward direction if resistance is maintained

Comment

Doesn't look too good i'm setting a stop-limit

Comment

Waiting for a move confirmation, atm it is very risky to hold any XRP. The 1h chart looks decent but the 4h chart is not reassuring.

Trade active

Taking a risk shorting XRP

Trade closed: target reached

Comments
AdamKen
Hi, do you expect an upwards move?
ellegene
@AdamKen, I cant answer with any precision at this point, but i expect ripple to be bullish for some more days.
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