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UNRPP
Sep 6, 2020 9:21 AM

XRP/USD - Retesting the support trend line Long

XRP / DollarBitfinex

Description


After breaking out of the intermediate term trend line, now we finally get a retest.


If we have a successful retest we could go higher from here, first target is 0.4x

Comment


I think XRP is ready

Trade closed manually


I played around with scale both Log and Arithm i think my trend line is off
and now since DXY is making a move higher, i think crypto has a room to go down

Comment

I guess i was wrong..

Look at chart now, we are trading above those support shown by VAP
If we are above those support, the easy way is go up
Should see price go up to the black line and above now.

Comment


Double cup and handle
Comments
PolarHusk
nice post ++
UNRPP
@PolarHusk, thank you :)
transparent-fx
xrp/usd also completed the weekly W, so it's time for an accumulation phase :)
UNRPP
@transparent-fx, I think in the intermediate timeframe (6mo to a year) we could see an accumulation phase like we saw in gold during 2011-2018
Go to .382 fib (around 1.3USD) and come back down again before finally breakout to the upside. Lets wait and see
:)
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