TradingView
Art_of_Trading
Mar 21, 2018 11:34 AM

RIPPLE (XRP) Breakout Strategy 

XRP / DollarBitfinex

Description

There is a breakout opportunity on H1 Ripple chart. The price moves sideways last few hours. There is a structure high at 7227, which acts as resistance level. The selling orders are expected that area. The price already bounced back few times. Moreover, the price formed a trendline that acts as a dynamic support. The best approach here is to wait a valid breakout. This means the strong bearish or bullish bar must be formed with the momentum behind to know that there is enough power to move the price.
More