Ripple (XRPBTC) just printed a lower low compared to May 2020... We've seen altcoins produce a strong comeback lately right after breaking below support.
The same level XRPBTC hit earlier today and yesterday as support was also hit 3 years, back in December 2017.
This lead to a very strong bullish wave.
Here is the chart:
When you look at the ATL back in Dec. 2017, we can appreciate a bullish wave of 1148300%...
If we look at the mid-Dec. low, then we have over 1540%.
Right now, XRPBTC is bouncing off this same support level so a strong bullish wave can potentially follow.
Remember that you still need to build a plan/strategy before you trade. Use a stop-loss and be patient.
Always diversify and take your time before taking any action.
Patience is absolutely key.
Namaste.
The same level XRPBTC hit earlier today and yesterday as support was also hit 3 years, back in December 2017.
This lead to a very strong bullish wave.
Here is the chart:
When you look at the ATL back in Dec. 2017, we can appreciate a bullish wave of 1148300%...
If we look at the mid-Dec. low, then we have over 1540%.
Right now, XRPBTC is bouncing off this same support level so a strong bullish wave can potentially follow.
Remember that you still need to build a plan/strategy before you trade. Use a stop-loss and be patient.
Always diversify and take your time before taking any action.
Patience is absolutely key.
Namaste.
Note
Let's have a look at Bitcoin and see what it has to say.I will share another update on Ripple (XRPBTC) but on the daily timeframe.
Thanks a lot for your continued support.
Namaste.
Note
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