Fxprotrader
Panjang

Ripple: Buy Opportunity

BITSTAMP:XRPUSD   Ripple / Dollar
Ripple is being in a consolidation since it's spike to the upside, now trading above a significant support level . The upsloping median line is working extremely well giving us a valid slope of price in addition to key support and resistance levels to watch for a setup completion.

The level we should pay attention is the lower parallel of the fork where previously price found very good support. In case of a buy, stops should be placed below 0.84500 and profit targets should be aimed at around 1.25000 where we have resistance form both previous structure and the median line of the fork.

All the best,
John
Komen: Price bounced from parallel heading to our initial tp
Komen: Picture perfect market analysis..!
very well done
Balas
@Fxprotrader great analysis :) ! I have something similar
Balas
Fxprotrader Juanchobanano
@Juanchobanano, Thanks for sharing ;)
+1 Balas
I like thus chart. Show prefection & good direction
Balas
Fxprotrader detroit313
@detroit313, Thank u..!
Balas
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