Dawnchorus

XRP Bullish 4 hour Scenario

BITFINEX:XRPBTC   XRP / Bitcoin
XRP is looking great on the 4 hour chart, as it just held support at the critical support level of approx 80104 sats . It is about to do a bullish cross on the MACD , where it should hopefully find enough juice to break out of its downtrend. Once we are able to break this downtrend, we hope that we can establish RSI and Bollinger support to push us through these fib levels to our milestone resistance level of approx 87334 sats . I am currently in Ripple. Comments and feedback are always appreciated, thank you!
Comment: XRP Broke the downtrend for now. I suspect that it might make some good gains soon.
Comment: Needs to find support on the 50 RSI there to really start moving.
Comment: It is stalling for now unfortunately, but, it should be able to push out of the DT easily if BTC stays bullish.
Trade closed: stop reached: My stop was triggered. Bitcoin is acting up.
Comment: It is really hard to say where XRP will head at this point. It has been rejected by the downtrend, and is also hanging just under the .786...which doesn't look great currently.
Trade active: It looks like we are getting a double bottom on the smaller time frames. We may be able to break resistance if it plays out.

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