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cruz-xbt
Feb 13, 2020 12:49 PM

XRP Slingshot to $0.40 - 4H Insight Long

XRP / DollarBitfinex

Description

Just a 4H insight to the last idea, we've sold off during a small BTC dump but bulls have managed to hold us above $0.30 which is also the midline of our channel. 4H candle was bought back up into the $0.31 region highlighted but still in the channel. We now have a new bullish 4H candle breaking out of the channel but still within the box, I'm confident a close in or preferably above this box (on the daily - see previous idea) will bring a new wave of highly bullish momentum in XRP/USD. Please share a like, so far every idea published has been met, if I can grow my following enough I will start making videos soon and also putting more time into presentation of charts.

Please also note XRP still respects BTC movement to a degree, these moves may most probably be invalidated if BTC decides to dump.

Comment

Comment

Currently being kept out of that zone I warned about, waiting to see how the next few candles go, BTC is also pulling back at the moment which doesn't help! Im sure this zone will be breached soon.

Comment

Comment

Bearish BTC action has completely destroyed XRP, I have closed out longs and will be looking to re-enter in the green zone below the current candle. Long term I am still very bullish on XRP.

Trade closed: stop reached

Comments
petitebud
XRP is above daily MA500 for the first time still nice October 2018
petitebud
@petitebud since October 2018
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