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AlanSantana
30 de Jul. de 2019 13:24

Ripple (XRPU19) Trading Within Ascending Channel & Triangle 

BITMEX:XRPU19720

Descripción

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Ripple (XRPU19) continues trading within an ascending channel with a bullish chart that is only lacking some momentum for some real action.

Even though the chart is looking bullish it can breakdown to gain strength and momentum before moving further up.

We are also looking at an ascending triangle, another bullish pattern.

If XRPU19 can close above EMA50 (0.00003341), it increases the possibilities of it moving higher.

If it closes below EMA50, the retrace is more likely before the next move up.

I've drawn our two main scenarios on the chart.

Here is our most recent trade for this pair, it generated for us up to 72% ROE:


Please hit like to support us.

Namaste.
Trend AnalysisTechnical IndicatorsChart PatternsrippleXRPBTCXRPU19alanmastersxrpbinancebitmexbittrexkraken
Comentarios
Harry_Seldon
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Good to know, I was afraid it could look like a bear flag
Thanks, keep us posted Alan :)
AlanSantana
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@Harry_Seldon, My pleasure, thanks for sharing.

I also saw what you share above but the triangle looks more convincing right now. But even with these patterns, my feelings were pulling towards a small drop first before anything else, we will see how it goes.
Harry_Seldon
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@alanmasters, Yes, and confirmation will come very soon it seems :)
Thanks again.
AlanSantana
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@Harry_Seldon, Indeed...

My pleasure.

Feel free to comment if you want to share anything else or have any questions.

Thanks a lot for the support.

Namaste.
Cryptonailer
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@alanmasters, hey alan , do you see mith moving up soon??, thank you for all that you do!
AlanSantana
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@Cryptonailer, Still needs work but it is getting there.
AlanSantana
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@Cryptonailer, If by soon you mean within weeks, then yes.
leducterov
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not quite my tempo
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