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UnknownUnicorn6047038
Feb 20, 2020 2:49 PM

#RIPPLE - RETRACEMENT Long

BITFINEX:XRPUSD60
XRP / DollarBitfinex

Description

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Hello guys, please hit the LIKE button to support this work

The price formed a descending channel and we have price retraced from support. If price fix above the blue line we can take a short position

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Trend AnalysisChart PatternsTechnical Indicatorsxrpusdxrpripple
Comments
milanjelic
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XRP will make new low since oppressed by BTC bearish structure.

With sharp BTC drop, everything else will collide as will XRP.



Have a nice day bro.
UnknownUnicorn6653705
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Bitcoin has finished ABC correction and will go up after weekend! This idea below explains why:

ferGOD
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SpartaBTC
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XRP breakthrough is an important resistance zone. Trend reversal
SpartaBTC
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@SpartaBTC,
Del3tedEnt1ty
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Agree. Price broke out of descending channel on 1hr tf and is currently retesting and holding as support. Bullish engulfing candle on 1hr tf = short term reversal bounce here for sure. Long scalp would be worth taking.

SleepyGuy
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@DeletedEntity, maybe 50% retrace dude... don't get your hopes up, until .285 is secured...
SleepyGuy
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hmm... let's see if we cross .281 and hold position first...😑
SleepyGuy
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@SleepyGuy, make it 0.285 just to be sure...😏
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