At the dawn of this bullish reversal I decided to put 0 (zero) btc on ripple. With all that altcoins popping was a hard but great choise.
3 weeks ago I was preparing a long entry on ripple, but arrived at support I felt me not sure at all and I left ripple doing his oversold bounce.
My initial trading idea was based on
RSI cycles (cyclical high and low)
EMA 50-200 convergence and rejection (green ovals) with strong green candle at the approach of the 200 EMA.
I was dreaming the moon , but...
But...
RSI descending top and bottom (aggressive downtrend)
1 st EMA cross (red oval) after 2 rejection.
Too much negative signs for me. So I stayed away.
Furthermore
Look at the weekly candle where is closing
under the 200EMA...
Now you can maybe see this
But on the medium term I see just this
BIO
3 weeks ago I was preparing a long entry on ripple, but arrived at support I felt me not sure at all and I left ripple doing his oversold bounce.
My initial trading idea was based on
RSI cycles (cyclical high and low)
I was dreaming the moon , but...
But...
RSI descending top and bottom (aggressive downtrend)
Too much negative signs for me. So I stayed away.
Furthermore
Look at the weekly candle where is closing
Now you can maybe see this
But on the medium term I see just this
BIO
Comment:
Trade opportunity on ripple