I just finished a quick scan over a few cryptos I pay attention too and thought I would quickly point out what I'll be watching for on XRP. I think this morning's charts on XRP are perfectly illustrating how I like to see price action start playing out after a pull back or correction.
As mentioned, a quick scan of the lower levels are showing me that price action is breaking the slower moving MAs to the upside. On the 15 min, we are clearly above the 200EMA, so i'll be looking for it to turn in to support and hold as support. Crossing fingers for price to keep bouncing there, which will translate into price action moving to the 200 on higher frames and with any luck eventually a break of the 200 on higher frames and for price to move back up.
I hope you enjoyed the video and reminder to like and comment.
You don't seem comfortable to buy right now to go longer?
Crypto_Sid
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@cyberholz, Oh... i think right now is a great buy opportunity. I'am very bullish long term on XRP and actually have buys lower than current price action and higher. I think the lowest is around .31 and my highest is $2.03 or something close to that. I try and dollar cost average my entries vice going all in at once. I'm able to withstand pull back easier as they are not as violent in my opinion.