alanmasters

Ripple (XRPU19) Trading Within Ascending Channel & Triangle

BITMEX:XRPU19   None
Ripple (XRPU19) continues trading within an ascending channel with a bullish chart that is only lacking some momentum for some real action.

Even though the chart is looking bullish it can breakdown to gain strength and momentum before moving further up.

We are also looking at an ascending triangle , another bullish pattern .

If XRPU19 can close above EMA50 (0.00003341), it increases the possibilities of it moving higher.

If it closes below EMA50, the retrace is more likely before the next move up.

I've drawn our two main scenarios on the chart.

Here is our most recent trade for this pair, it generated for us up to 72% ROE:

Please hit like to support us.

Namaste.
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not quite my tempo
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Good to know, I was afraid it could look like a bear flag
Thanks, keep us posted Alan :)
+1 Reply
alanmasters Harry_Seldon
@Harry_Seldon, My pleasure, thanks for sharing.

I also saw what you share above but the triangle looks more convincing right now. But even with these patterns, my feelings were pulling towards a small drop first before anything else, we will see how it goes.
+1 Reply
Harry_Seldon alanmasters
@alanmasters, Yes, and confirmation will come very soon it seems :)
Thanks again.
+1 Reply
alanmasters Harry_Seldon
@Harry_Seldon, Indeed...

My pleasure.

Feel free to comment if you want to share anything else or have any questions.

Thanks a lot for the support.

Namaste.
+2 Reply
Cryptonailer alanmasters
@alanmasters, hey alan , do you see mith moving up soon??, thank you for all that you do!
+1 Reply
alanmasters Cryptonailer
@Cryptonailer, Still needs work but it is getting there.
Reply
alanmasters Cryptonailer
@Cryptonailer, If by soon you mean within weeks, then yes.
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