XRPUSD (Ripple) - 4hr Timeframe - Update on Buy Opportunities
Following our daily timeframe analysis (www.tradingview.com/...n-Buy-Opportunities/), we confirm further upside for Ripple. After an initial impulse to the upside,
XRPUSD
is at the moment consolidating on the 4hr timeframe, pushing for more upside. From this moment onwards therefore, we will be looking for buy setups, on the break of any corrective structure.
In relation to cryptocurrencies, let us remind all traders that any attempt of forecasting based on wave and structural analysis has to be taken in a very conservative manner, as these financial instruments could not have been traded in the markets for a long enough time to consolidate their structure and make a valid projection possible.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
XRPUSD
is at the moment consolidating on the 4hr timeframe, pushing for more upside. From this moment onwards therefore, we will be looking for buy setups, on the break of any corrective structure. In relation to cryptocurrencies, let us remind all traders that any attempt of forecasting based on wave and structural analysis has to be taken in a very conservative manner, as these financial instruments could not have been traded in the markets for a long enough time to consolidate their structure and make a valid projection possible.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Comment:
Another small 4hr flat type pattern correction (abc) in completion, which indicates another coming impulse to the upside:
