Long

XRP Shortterm M15 Wedge Pattern

Updated

Good Opportunity to add on longs for the incoming breakout on Daily Scale. Look for any failed breakout into the supportrange and buy where shorts will likely have their stopps.

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Also in H1 EMA 20 is just below, so buy the first closed hourly bull bar with good volume as a failed breakout attempt under the EMA20

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breakout to the upside, strong support here! Watch out for any reversal in M5 with high volume. Should prices confirm this downside breakout look for another support around 1250 - 1200

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breakout to the downside, strong support here! Watch out for any reversal in M5 with high volume. Should prices confirm this downside breakout look for another support around 1250 - 1200

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increasing volume in M5. Potential sell climax

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Buyers coming back into the markets, in case this M5 reversal closes strongly, buy the top of the bar

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Measured move distance of the wave before. Definitely supportzone around 1280.
First Bull bar after potential climax, however tail on top, moderate strength. very early entry, high risk still. would further wait & observe frfor a second entry

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very early entry bar triggered at 1288 despite several walls at this level. observe volume and strength of the next bar for more information

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shorts in the market and protective walls around 1287. keep observing

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first bull bar after 9 bear bars/dojis. potential long entry at 1289 in good context

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right now with about 50 BTC walls to 1289 might be difficult to be eaten unless big buyers come in. With an eye on BTC/CNY currently not much trading is going on. traders probably waiting for more information @ BTCCNY to proceed

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currently higher low at M1, would be confirmed with a higher high at 1289 for the resumption of the bull trend. Still walls above though

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ii pattern in M5, both bull bars. entry at 1285, which would make a second entry. still early and risky buy, beware.

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more bull bars in M5, seems like selling comes to an end.

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slowly sliding through the upper trendline of the descending wedge. could attract more buyer the longer prices stay at this level

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low volume after potential sell climax. this looks like a good buy setup for a swing high. Early entry at 1285

Trade active

Entry 1285. Risky Trade, very early positioning.

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Potential addon @ 1289 at the recent high for a higher low, higher high setup and likely resumption of upward trend after correction

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Strong upwards breakout with high volume, try to get in around 1289-1291

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Strong M5 bar with high volume and no tail on top. Entry 1301. Rather try to get in around 1289 - 1291

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High volume bull bar @ M15 breaking the upper wedge trendline. If prices move above 1300 sell climax is confirmed and reversed, potential long in larger timeframe

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Expecting another retest of the zone around 1990 before going through

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Second Entry triggered @ 1301 for the continuation of the longterm upward trend. Early entry confirmed

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low volume trading atm. retest 1390 vs confirmation of breakout 1304

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numbers are difficult.

low volume trading atm. retest 1290 vs confirmation of breakout 1304

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Retesting EMA 20 @ M3 at 1294. EMA 20 @ M5 currently at 1290

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Basically retesting the EMA 20 in M5 would indicate relatively normal market behavior in this Major Trend Reversal. Confirming the breakout without retesting EMA 20 would indicate stronger buying pressure

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First Hourly Bar closed, reversing the breakout under the EMA 20 upwards. Appropiate long when confirmed at 1304.

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Giving the situation offers several entries for a long on several timeframes I expect the pump to be significant when breaking 1304 levels

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Successfully retested the EMA 20 in M5 at 1291, should reverse from here

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Perfect Setup for a long at 1304

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Low volume dump in an attemp to retest the previous ii pattern in M5

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Total Buy orders increased by 25% during last bars

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breakout under EMA 20 in M5. In speculation of an failed breakout and entry at 1304, position early at 1288

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Strong breakout triggering the entry @ 1288 & 1304. up from here

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In case you read it after the initial breakout, place positions at 1304 which should become support now

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high volume on breakout, absence of sellers atm. standstill

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Breakout confirmed. let it run.

use your preferred stop mode

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alternatively place your stopp at your entry to be break even. let it run high, like daily

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Retested previous high at 1302. add on on any reversal here

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Reversal in M5, failed breakout under the support level of the previous high and EMA 20. expect two legs up. entry at 1306

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M15 reversal bar in good context. entry 1312

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BTC making a move, resulting in sell off in XRP. welcome to crypto

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Setting up a higher low after sell climax. potential long at 1283, however risky under current circumstances.

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BTC moving up. Stay flat if no position

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Higher high confirmed, long. Up from here

CryptoYodaChartin

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