The situation is fragile and what I see from XRP USD price chart, makes me concern about further XRB BTC upward movement.
Until we do not go below 2900-2850, we are clear for slow upward movement. As you see from the chart, we have a robust red line that can hold our progress up.
Time passes by, and I do not see new BTC coming to XRP, that is the biggest problem.
Like I wrote before wait at least 3050 -3100 breach and only then enter the position.
As I am on XRP trade from very lows, I am adding leveraged position trades.
On the chart, you can see targets, resistance, places where better sell and enter higher and etc.
Until we do not go below 2900-2850, we are clear for slow upward movement. As you see from the chart, we have a robust red line that can hold our progress up.
Time passes by, and I do not see new BTC coming to XRP, that is the biggest problem.
Like I wrote before wait at least 3050 -3100 breach and only then enter the position.
As I am on XRP trade from very lows, I am adding leveraged position trades.
On the chart, you can see targets, resistance, places where better sell and enter higher and etc.
Trade active
We have worked out first TP as a charm. What do I see right now:
Bad- XRP BTC price stay in a channel, it means that we can smoothly go down with retest of channel mid or even lower prices.
Good- XRP BTC is getting more trading volume what means, that more and more of public and whales are coming in. If people will be buying the only way we can go is Upward.
From a perspective, nothing has changed: we have managed breach one resistance, and we have many of them upwards.
Next 12-24 hours will be crucial. If we stay above 3000 - 3100 we will enter Ichi cloud of H4, which is extreme resistance right now. That will be a compelling buy signal.
Remember, as slow we grow, as much power trend has. If we rise in price very slow, we will get a momentum that will reverse all this 2-year downtrend.
Note
got some extra buying opportunity on a dip. 2019-07-17 06:29:34 Buy 0.00003125
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.