Ripple Buy Opportunity Forming

Ripple Buy Opportunity Forming

Hi Traders! Ripple buy opportunity is forming at the moment. A detailed analysis of this setup is as follows:

Ripple Daily Chart:

On the daily chart the price which was moving higher is currently correcting itself and the price is exactly at the 50% correction. I believe that we might be seeing the bottom very soon on either of the zones shown in the screenshot, then I expect the price to recover. Once we get confirmations for bullish momentum, we can start looking for buys.

Ripple Buy Opportunity Forming



Ripple H4 Chart:

On the H4 chart we have double wave down and the downtrend line has not been broken yet. There is no confirmation for bullish evidences so far, the price might move higher from here or we might get one more push to the downside and the price to move higher from there. Once we get confirmations for bullish momentum we can join the bulls.

Ripple Buy Opportunity Forming

The aggressive approach here would be wait for the price to break above the downtrend line and then we can join the bulls.

Whereas the conservative approach would be wait for the price to break above the downtrend line and also the most recent high and then we can join the bulls.


If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $97 PER YEAR.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here


Yours to your success

Vladimir Ribakov






Please enter your comment!
Please enter your name here

We respect your privacy and take protecting it very seriously.