XRP Long ?
-Could see XRP reach all time high's here, we are currently in a descending triangle pattern testing the 4h 50ema (price seems to pullback to the 20&50ema's on the 4h and continue to the upside)
-Could either play this at the break out and play to the blue zone (or keep adding to your long term position)
-If you do not want to play this aggressively you could wait for a break and re/test of the 1h 50ema or fib levels, however price could easily continue to break straight to the upside with no pullback
-This is a long shot but price could be forming an ascending triangle on the 1h, we would need much more for this.
-Could either play this at the break out and play to the blue zone (or keep adding to your long term position)
-If you do not want to play this aggressively you could wait for a break and re/test of the 1h 50ema or fib levels, however price could easily continue to break straight to the upside with no pullback
-This is a long shot but price could be forming an ascending triangle on the 1h, we would need much more for this.
Trade active
Ended up taking this trade long with a wide stop loss only 1% risk since it was not the cleanest trade but I really like the 4H how we reject the 20/50 ema's. target is $3, could possibly be a 20% trade so I feel it was well worth the risk. Good to note I also have long term money in this trade I took 4 years ago. If we get to $3 ill take my 20% profit!
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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.