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XRP / Bitcoin
Long

XRPBTC - 4H Trend Continuation

By philipdinu
Updated
XRP has recently completed an e2e play on the daily Ichimoku cloud and appears to have retraced the 4H Ehlers MA cloud. Momentum seems to be shifting to the upside after a bounce off the cloud, I will be opening up some positions with a tight stop in the MA cloud.

Trade active
Opening up some positions due to price action off the 4H MA cloud.
Trade active
Updated 4H chart with target taken from the reverse 1.618 fib extension of the movement ~8000 sats.

snapshot
Trade active
Price en route towards target.

snapshot
Trade closed: target reached
+105%. Target hit, closing out most of the positions and letting others run on a trailing stop.

I'm expecting price to retrace from this area for an opportunity to buy in again.

snapshot
Beyond Technical AnalysiscryptoCryptocurrencycryptotraderTechnical IndicatorsTrend AnalysisxrpXRPBTC
philipdinu
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