Long

XRPBTC Gann Fan trading moves away ...or is aproching?

Updated

After hoping for a doble bottom that was masking a descending triangle maybe you are wondering for a support. We have one at 5800 satoshi! It is aproching very fast and 2/1 angle should still remain very close.
Which 2/1 I am talking about :) ?
Yeah, there are at least 4 parallel dynamic resistance that should trigger more and more buy, so fast your belt and good travel!

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See also

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As we expected, support leterally rejected the market but the activity below 5800sat was exclusively on Poloniex. Anyway we still waiting to activate the trend for those who not had buy opportunity. The reversal will occur in next days

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As we expected, support leterally rejected the market but the activity below 5800sat was exclusively on Poloniex. Anyway we still waiting to activate the *trade(sorry) for those who not had buy opportunity. The reversal will occur in next days

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Market moves below the identified support and volumes encreasing on binance and poloniex. Choose your comfortably entry point and risk management. Trade is Active

Trade active

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My stop-loss will be a combination between price and time like this

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Don't you found it very interesting?
Take a moment to leave a comment, either bad or good, please.

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XRP/USD is looking ready to move as well!
I hope you bought at a price as lower as possible. But never to late.
In this market interpretato Ripple is proyected to new ath but in the long period

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*interpretation

P. S.: do you know how to edit a previous post here in the idea blog? ;)

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I think that we are at a possible reversal point. There is small war at small tf but everything is guided by BTC uncertainty
At the moment I think some quietness can surge in BTC market, that can also be said, alts are keeping fine!

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something went wrong in the best moment.
Stop level reached. Closing manually tomorrow ...maybe.

Trade active

Luckily I woke up after price surged ;)

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At the moment we have 50% retracement from the last top along the main angle of the daily chart. This is also a side of the wedge with the descendant trend-line from 8500 sat.
Still in waiting area with minimum risk

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Back on the support!
But with an increasing interest. Maybe too much, because too high volume will be a bad signal for the completion of this head & shoulder that's only visible at timeframes lower then 1D:

Level should have very good support. Also retracement is at 50% from the top.
Anyway, head & shoulder is only realized when price will be back at neckline and price pump!
If till holding XRP keeps your stop-order not too large, until the H&S is complete.

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Trade is still waiting us! After all a new dynamic resistance has been added that is parallel to the 2/1 descending angle for which we are looking for to enter. As you can see it is the neckline of a currently drawing reverse head and shoulder

Price should naturally move toward 5775 sat like it did in previous rally but this time should trigger more buy.
Have a nice trade!

Salvato

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