TheTeekTrade

XRPUSD | Buy Long | price has broken the trend!

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
In my novice analysis I have concluded that because of the extreme high we saw in this pair at 2.6 previously and then the extremes of consolidating lows around .14103 there is anticipation for a bull run.

•the price has broken the trend line creating higher lows on the weekly and daily

<b> •price has been consolidating for an extended period of time after a huge draw down, strong buy opportunity with clean entry

•SL has been placed at last most recent low

•TP1 & Tp2 are in the next zones above <b\>
With possibly more to gain

I am watching what price does at .28863 and then will take an entry if applicable.

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Please feel free to post your analysis or critiques and opinions ...I’m open to what others are seeing on this chart! Anything helps! GLGT