XRP/Bitcoin
Atualizado

Ripple - Huge growth potential - or one more down

1 759
Good morning traders,

Ripple is currently primed and ready to go, assuming BTC has bottomed out we can expect range trading. I'm expecting some serious Ripple growth over the coming days.

Key Notes:

1) If BTC continues to breakdown, we should see $0.41-0.42 cent ripple.
2) If BTC established a range trading area, I'm expecting ripple to make its way back up towards $1.13


There's a very good chance we've bottomed out, and todays daily candle close should confirm that. Conservative traders should wait for the daily, aggressive traders could enter at this time.


Additionally, while we've all heard the rumors of the meeting today @ 10am, I wouldn't be surprised if Ripple is mentioned in some way shape or form, and if so, expect a tremendous surge.
Nota
Symmetrical triangle in play, as well as a possible descending triangle. Targets are listed out on the chart, we're oversold on the daily, and symmetrical triangles have 64% chance to break upwards. If we break the 10301 line then the descending triangle is invalidated and we should begin a new uptrend.

Watch closely in the next few hours, for a break up, or down, targets of interest are listed out on the chart.

Good luck and trade safe!

snapshot
Nota
Not much has changed, but for those looking for an update:

snapshot
Nota
Also could catch bottom of falling wedge @ 0.00005826
Trade ativo
Take profits @ .99 and 1.19 if 1.00 range breaks.

Possibly run up to 1.72 is possible based on falling wedge.

snapshot
Trade fechado: objetivo atingido
Trade ativo
Looking for a break upwards, targets of interest highlighted. Be careful of a breakdown of the triangle as that will be your queue to exit, best of luck!

snapshot

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.