woolleyfx

XRP Weekly - Big Long Buy pt2

BITSTAMP:XRPUSD   XRP / U.S. Dollar
Following the last chart this is a weekly perspective of the ideal pull back to / around $0.20 one last time before a fifth elliot wave .

We have 2 weekly trendlines in place and a major support level used in the prior bull run in dec 2017.

The support gives some validity to the bullish trendline where we had 3 weekly candles form at the end of june which is also aiding the confluence.

The bearish trendline break and retest aligns perfectly with the blue buy zone, lets hope this comes through.

Also we have broke the monthly wedge with julys close, check it out:

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