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TheSignalyst
Dec 30, 2020 10:47 PM

Ripple Bomb Setup - Explosive Movement In The Making! Long

XRP / DollarBitfinex

Description

As per my last video analysis (attached below) on Ripple, we were waiting for a third swing to form around our upper red trendline to consider it valid and then buy on its break upward.

Which is exactly what happened. Ripple formed a third swing around the red trendline so it is now valid, but it is not ready to buy yet.

we want to buyers to prove to us that they are taking over, by breaking above the upper gray area (around 0.25)

so trigger would be after a momentum candle close above the gray area.

but what is really interesting now, is that a RichBomb (orange dots) setup is formed now which adds more confluence to our buy setup in this case.

so if price breaks above the gray area, we can expect an explosive movement upward.

good luck!
Comments
DACapitalTrading
Thanks for sharing with the community!
TheSignalyst
@DACapitalTrading thank you for the continuous support
abel11
nice trade set up
TheSignalyst
@abel11 waiting for the impact
Rackelle_M1
Rich Bomb⚠️
TheSignalyst
@Rackelle_M1 yes 😁
EileenBarton
Thanks for sharing..!
TheSignalyst
@EileenBarton my pleasure dear
JadFakhry
Lets see if ripple can bounce back 🥺
TheSignalyst
@JadFakhry all eyes on it 😎
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