Ripple - 4hr Timeframe - Update on Buy Opportunities
First of all, congratulations to all of those who follow us and have had the opportunity to check our daily timeframe analysis on Ripple and are in the buy, either from the end of the "B" wave of the major degree consolidation (tradingview.com/chart/XRPUSD/5TS0TQfQ-XRPUSD-Ripple-Daily-Timeframe-Update-on-Buy-Opportunities/), or from the smaller degree flag type correction that came along on the way and that we published (tradingview.com/chart/XRPUSD/brvsYh4T-XRPUSD-Ripple-4hr-Timeframe-Update-on-Buy-Opportunities/). Hold your positions - don't close them as yet - as this cryptocurrency is still consolidating but there is a little more upside to come.
For those who aren't in the trade as yet, if you want to take this last and very short term small bit to the upside,
XRPUSD is slowly correcting to the downside. In fact, we believe that it has already completed the "c" wave of a smaller degree irregular - expanding flat type pattern and will resume it's uptrend soon. Of course, it could crawl a bit more down for a lower "c" point, nonetheless it is still a correction and it is making a small downward trend, so you can buy the break of said trend. Watch out however, as we believe that this next small movement to the upside will be short lived and that once it reaches our daily trend line (in yellow) it will complete the "C" wave of a major degree correction which seems to be shaping up as a running flat type pattern, and that, similarly to what Verge is anticipating, it will then drop for a major down move.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
For those who aren't in the trade as yet, if you want to take this last and very short term small bit to the upside,
XRPUSD is slowly correcting to the downside. In fact, we believe that it has already completed the "c" wave of a smaller degree irregular - expanding flat type pattern and will resume it's uptrend soon. Of course, it could crawl a bit more down for a lower "c" point, nonetheless it is still a correction and it is making a small downward trend, so you can buy the break of said trend. Watch out however, as we believe that this next small movement to the upside will be short lived and that once it reaches our daily trend line (in yellow) it will complete the "C" wave of a major degree correction which seems to be shaping up as a running flat type pattern, and that, similarly to what Verge is anticipating, it will then drop for a major down move.If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
註釋
Turned out to be a more complex expanding flat. For all those who are in the buy from the bottom (B of the major consolidation) - keep your long positions as there is some little more upside to come:
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。