RIPPLE NARRATIVE CONTINUATION. BUY THE DIP?

Coin Telelgraph

GOOD EVENING STEEMIT!

What a weekend it’s been. Life at the moment is treating me pretty well so here’s to keeping the good times rolling!

As a result, I’m Steemit blogging from my phone so forgive me if today’s charts don’t look as crisp as usual. Either way, Steemit NEEDS simple mobile compatibility to take its next step, so this is a good chance for me to try out what it can do.

I’m back with another look at Ripple today. It’s a nice continuation of the narrative we’ve been following and the following mobile TradingView app charts are a prime example of buying the dip.

XRP/USD Daily

First up, I’ve includes the Ripple daily chart for context. As you can see, this is a huge momentum breakout and I am obviously using the word ‘dip’ with some poetic license.

A proper dip is of course something like a retest of the breakout resistance as support, but in this current market and in this particular coin, I think there’s probably more upside before dipping anywhere near as much as that.

XRP/USD Hourly

So with momentum in mind, zoom into an hourly chart and price is currently retesting the first sign of resistance on the way up, this time as support.

Look at the price action. It’s definitely being respected as a level.

Could this be the dip to buy more Ripple? Leave me a comment and share a chart of your own. Let’s start the conversation properly! :)

See you around!

Peace.

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Please leave a comment with your ideas or just share a chart.

Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.

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