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XRPBTC (Weekly) – Am I bullish now?

This is an update of our previous XRPBTC view, but this time based on weekly chart. We were right to stay careful and not to chase the price based on few patterns from the past (the original post is here).

So where are we now? Have a look at the below weekly chart then.

The weakness we saw before the massive rally (in red) worked well as a support after the significant drop. Now, the question goes – will the previous weakness marked in yellow work also the same way this time?

Well, as a clue we can check today’s support level. Sounds familiar, right? If we can hold the 60k on weekly basis we are cautiously optimistic.

 

Should you have any questions feel free to contact us anytime.

Good luck Champs!

Mr Hawk

 

 

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past, current and future economic and financial markets environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material are not and cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016-2018. Contact: landoftradingATgmailDOTcom

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