Zooming out on 4H chart I realized that the previous idea for short term XRP fits in this huge triangle.
So basically what I am seeing is an uptrend up to high 4500 low 4600. Unless BTC is going crazy and breaks up which will affect not only XRP but the majority of ALTS.
But then your well set StopLoss saves your arses.
I will still stay neutral until confirmation but I am pretty optimistic. My risk.
But as you are good traders you'll do your OWN TA.
Good luck and stay safe, this one could be a big move.
So basically what I am seeing is an uptrend up to high 4500 low 4600. Unless BTC is going crazy and breaks up which will affect not only XRP but the majority of ALTS.
But then your well set StopLoss saves your arses.
I will still stay neutral until confirmation but I am pretty optimistic. My risk.
But as you are good traders you'll do your OWN TA.
Good luck and stay safe, this one could be a big move.
Note
Clearly Bitcoin had a big influence on XRP's movement.I didn't trigger the Stop Loss yet, so I will keep an eye on it. Especially here at the end of the green triangle. I think I will try to move the base price a bit lower. I think is worth a try.
Trade closed: stop reached
Stop triggered.I guess it will go down to about 2450 - 2500.
I'll take a look later.
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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.