The Ripple price has made a breakout and it got confirmed after a Daily candle close inside the green area: 1. Break above the light blue trendline since April 2018 2. Break above the triangle - which is also a short-term counter trendline. 3. Break above the previously worked resistance level - orange price zone. 4. Plus, we have a Golden Cross between 100 & 200 EMA's on the Daily timeframe! It should give a bit more momentum from buyers.
If today's candle stays like it is right now then we should have a pretty nice breakout setup - breakout and buy after the retest. At the moment, the retest has been pretty clean and currently, there is the needed rejection. So, technically it should be ready to climb into the higher levels.
To be more secure, then wait for today's candle close and if it stays as it is right now or on higher levels, then this trade is valid.
"Do the best you can to pay yourself at reasonable profit levels when the market makes the money available." – Mark Douglas
Do your own research and if this matching with mine then you are ready to go!
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Best regards, Vaido
Comment
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Short-term: If BTC current 4H candle gets a close below the 11k then this trade becomes almost invalid. Long-term: this breakout was really good and the price doesn't forget those breakouts. So, another market pump upwards and the run can continue! ;)
@MagdyEl-Nidany, wait and see both could breakout, but BTC probably will see a pullback
FerroIgnique
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You've been killing it recently, congrats. I'm long as well and this portion of my been tacking in and out of the money I think a pump is in order, but I'm worried about the stoch rsi and the stochastic being overbought. Do you use these, or mostly use structure?
Poukitoun
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Also Ripple acquired 10% of MoneyGram :) shit is getting real!