y11ohan
Long

Ripple might be starting a new bull run!

BITFINEX:XRPUSD   XRP / U.S. Dollar
Major support at 0.28.
risking 15% for a big upside potential.
XRP is on of the best coins out there, but has been left aside for a hole year. We have seen in the past that after Bitcoin rallies, peoples start putting their attention on alt coins. So by talking all of these considerations in mind, we can expect XRP to rally in the near future.
MFI is starting to go up even if the price is in consolidation. That indicates that it is more probable that the consolidating triangle will be breaking to the up side and not the downside.
Based on what happened in the last bull run that ended on jan 2018, there is a 900% profit potential for long term holders.
let's see if i'm right :)
Comment: Another look at the support on the 3d chart, we can see it being resistance, and then turning into support after the break.
Comment: Just broke consolidation to the up side like expected:
Comment: Update: It was a false break and it went back down because of the BTC dump.. might go either way now, but my mfi indicator is still indicating a stronger market on the daily.
Comment: Falling wedge forming
Trade closed: stop reached: It broke trend line and retested with success so I closed the position with my risk limit reached and I am expecting the price to go lower..
Comment:
Crazy RR, good luck!! Nice.
+1 Reply
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