XRPLong
Xrp/Usd Long
Formed a Double bottom on the 15m time frame with support from the Moving Averages ( 8EMA, 18 SMA) at a prior level of Resistance which is now acting as support. Stops are below the double bottom and Take profit is at a retest of the most recent Highs. Cryptos have been bearish all year long and are now retesting key levels from last years Breakout Levels. Ther bull Run to end 2017 happend in less than two months. More like 3 weeks when it really took off. Im currently looking to see how the market reacts to Positive Bullish news. ALl year it has been shrugging it off and continued to decline until recently when were starting to see some green days again. Mass Adaption is already underway and if a use case is proven to the everyday user we can see a real Crypto BOOM. But until then trade what you see. Not what you want or hope to happen. =)
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.