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TheSignalyst
Oct 20, 2021 11:35 AM

XRP - Potential Bullish Reversal! Long

XRP / U.S. dollarBitstamp

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

XRP is approaching a support zone so we will be looking for buy setups on lower timeframes.

on H4: XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, XRP would be overall bearish can still trade lower inside the support or even break it downward.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
Julienpaquin
Good job, good analysis. thanks for sharing
TheSignalyst
@Julienpaquin thank you Julien
TRADiNG_hub
definitely looking Impressive 🔥
TheSignalyst
@TRADiNG_hub thanks Hub
Professional_Crypto_Analytics
Have a nice trading !
TheSignalyst
Professional_Crypto_Analytics
@TheSignalyst, $$$$$$$$
LydiaClarke1
excellent analysis, well done
TheSignalyst
@LydiaClarke1, thank you Lydia :D
Ngala
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