VladimirRibakov

Ripple XRPUSD Short Term Buy Idea

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BITFINEX:XRPUSD   瑞波幣
D1 - Price reached the critical zone.

H4 - False break with bullish divergence. As long as the critical zone holds we may look for possible buys with bullish evidences.

H1 - If you want to be more conservative then wait for the price to move higher and break above the last high on the H1 chart, you may then start looking for buys with more bullish evidences.

Alternative Scenario - On the H4 chart wait for the price to move lower further towards the low shown in the chart, then once the price moves higher and breaks above the newly formed high you may then start looking for buys with more bullish evidences.

Invalidation: If the price moves lower and breaks below the critical zone then this buy idea will be invalidated.

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