XRPUP.USDT (Y21.P2.E2).Macro.Bullish formation

27 มี.ค. 2021Hi Traders,

This is a continuation of the previous post, link provided below.

XRP versus XRPUP. Same formation


As XRP progresses along with BTC, we see more clues to what the potential structure can be, which looks like 2 or 3 possibilities.

A 123 impulse move (MACD supports the theory)
Inverted H&S with the RS being of a symmetrical triangle



Believe me when I say I am no fan of XRP, but if the chart says there is an opportunity, why would I not try to make it work.
If BTC has a little bearish div. so a little pullback or sideward move on its part will likely do the same for Xrp in the small time frames fits perfect for an entrance.

How to trade this?
Look for the dip in the supply zone or look for a break out trade.
I will look for the breakout on the top of the formation as there might be other alts in a better position.

All the best,

S.SAri




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