TradingView
YMI
Mar 19, 2019 5:36 PM

XRP Long Opportunity  Long

XRP / DollarBitfinex

Description

Looking for the next leg up on XRP as we are coiling within the consolidation range. With a breakout of the $0.325 pivot and the minor trendline resistance we should see a continuation to the next upside resistance at $0.35. This provides a great R:R setup as we have been accumulating on the daily trendline support at $.32. This is risky as there isnt confirmation yet on a next leg higher but the HTF bias is bullish so this would provide a great entry if we are to see an upside move. I would recommend waiting for an hourly (ideally 4H) close above $0.3225 if you are a more aggressive trader Stops can be place below the prior swing low near $.316 or below if you are looking for a medium term swing trade.
Comments
traderview2
Great Chart. Check out what I just found on XRPBTC. It agrees with yours.
More