woolleyfx

XRP Daily Longs

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Not Sure If This Is The Correct Way To Use A Pitchfork

However, I Am Using The Zones Created As Bullish Channels

As I Believe XRP Has Bottomed, I Would Expect Price To Hold These Zones (Black & Blue)

For Confirmation Of The New Bullish Trend .

There May Also Be A 61.8% Retracement Due Around $0.16 - $0.155

However, We Saw The 50% Retracement Come Through From That Recent Spike To $0.175

I Would Like To See The New Daily Fibonacci 61.8% & 50% Retracements Come Through Around The Blue Box Shown

I Am Waiting To See Whether These Bullish Trend Zones Hold Up Over The Next Few Days

If So I Will Use Intra Day Time Frames And The Candle Closes On Those To Confirm An Entry