XRP LONG – CLASSIC REVERSAL PATTERN

XRP / TetherUS BINANCE:XRPUSDT

ISfxR

Once again we have another head and shoulders /trend break/whatever you want to call it.. Coming into weekly support zone and psychological number “60” cents which has been proven to hold, and reject. Obviously XRP wont move without BTC and BTC is at critical support levels that will most likely bounce before vicious breakdown. R:R is perfect for this trade IMO with a tight stop under support which would invalidate the trade.

You might be interested in …

Trading View March 5, 2022

BTC SHORT 30 MIN CHART

BTC SHORT 30 MIN CHART Bitcoin / TetherUS BINANCE:BTCUSDT LoneWolf1990 My thoughts on BTC We have very strong resistance above CC /POC/ VWAP and so many people are LONG at the moment that’s why I’m […]

Trading View January 19, 2022

42490 is key, will BTC diverge from financial markets?

42490 is key, will BTC diverge from financial markets? BTCUSD Perpetual Contract BYBIT:BTCUSD ViniciusBaccelli I really don`t so since our level of convergence with the financial markets this last year was super high. But could […]

Trading View May 6, 2022

CARDANO-USDT

CARDANO-USDT Cardano / TetherUS BINANCE:ADAUSDT Kriptos Greetings, The instrument broke through the local downtrend and horizontal resistance, now pulling back to support after the breakdown. ADA is highly correlated with Bitcoin (like most altcoins), but […]