XRPUSD - Healthy Pullback Formed A Bull Flag

BITSTAMP:XRPUSD   Ripple / Dollar

Time frame - 4H

While everyone's attention is on BINANCE:TRXBTC , mine is on Ripple.
It's been a ride since it broke out a few days ago. But then it does not seem to tire
because we are going to see another spurt of price action this week!


Good luck! ;-)
Trade ist aktiv: BREAKOUT = STRONG BUY

Kommentar: Broke out of the bull flag and above the 20 period moving average (yellow line)
Kommentar: It's been a few hours after the price has broke out of the bull flag but it did not go up so the pattern is invalidated. The price is now consolidating to accumulate volume and gain some momentum.
Is it a good entry now? Shall we expect a further correction?
Thank you
@Danielkh, Me personally I will wait until the breakout of 0.00020000 level because I am a breakout trader. Breakouts provide high probability trades.
Awesome TA!

I think, XRP only needs some volume. This coin really loves to wait after correction. BTC correction is almost finished so that's a good news for ripple :) In 1-2 days, we're gonna see.
+1 Antworten
@Mejora, I think you are right! XRP NEEDS volume. Thank you for your insight! :-)
$4.2 next target
+1 Antworten
thebumtrader RickyParker
@RickyParker, Amen!
most people buying this don't even know what the ripple token is for. It's not getting listed on coinbase, buying volume will probably dry up, I think it needs much more consolidation. So i'm out for now.
+2 Antworten
@max69, honestly, I would love it if it will consolidate more because then the upward momentum will be stronger. But we don't really know what will happen. We just trade what we see. :-)
+3 Antworten
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