XRP/BTC - No Hype, Simple Analysis
Updated
Pretty simple, we have strong trends, we're in a cone, and XRP is low. I put the resistance zone where I did simply because of one way or another, XRP is about to break out of its current trend in the coming weeks. All the previous price action in the long area I do not believe will limit growth as it was part of a strong downward trend. What will impact you is that damn near platform like straight-line in the market price action from October '19 to December '19. Having said that, I would set a take profit somewhere around where I indicated with the red arrow around the 0.00003000 range.
As always, please share, comment, criticize. Help me learn. Help me grow.
Have a great weekend everyone - happy trading!
As always, please share, comment, criticize. Help me learn. Help me grow.
Have a great weekend everyone - happy trading!
Note
Well I hope you guys set some smart take profits on this long. No point in getting greedy on these bullish engulfing. Consistent success on her a long time makes good money.
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