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Red_Ben
Jul 7, 2019 4:10 AM

EASY buy on XRP! Long

Ripple / U. S. DollarKraken

Description

This is such an obvious buy spot....MAYBE too obvious....Price refuses to close below the 61.8% retrace form the earlier breakout in May. The base on the longer time frames is solid, with a very promising falling wedge breakout (see monthly chart). We've overcome weekly resistance at the 50 and are consolidating near the earlier breakout point. If we fail here, we visit the daily 200ma, but if XRP runs, we're talking 200% returns possible. A close below $0.36 on the daily chart and I'll re-evaluate, but currently, I'm VERY long here.
Comments
TradingShot
Great analysis! Keep up the good work!
Red_Ben
@TradingShot, Thank you kindly!
DACapitalTrading
All the best, good setup! Leave us a like as well mate
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