LONG
- XRP set swing low the other day, has now started setting higher lows- indicating consolidation and trend reversal
- peak volume shows end of short term price movement south (a few days ago)
- Downtrend line broken with increasing BULL volume
- Looks like the price action will breakout, retest the trend line, and then continue in same direction forming a cup and handle
Add Qty on Retest of downtrend line approximately 0.000122
TP1 0.000143 at previous Swing High
TP2 0.000159 at next swing high
Market is questionable- BTC looks to bounce off $10K and starting to form higher lows on the short time frame. Most Altcoins have been following BTC. If BTC starts moving north- short term gains on most coins.
No indicators included this time- back to basics Support/resistance and volume.
Cut Losses Quick- especially in a emotional and unstable market. Good Luck
- XRP set swing low the other day, has now started setting higher lows- indicating consolidation and trend reversal
- peak volume shows end of short term price movement south (a few days ago)
- Downtrend line broken with increasing BULL volume
- Looks like the price action will breakout, retest the trend line, and then continue in same direction forming a cup and handle
Add Qty on Retest of downtrend line approximately 0.000122
TP1 0.000143 at previous Swing High
TP2 0.000159 at next swing high
Market is questionable- BTC looks to bounce off $10K and starting to form higher lows on the short time frame. Most Altcoins have been following BTC. If BTC starts moving north- short term gains on most coins.
No indicators included this time- back to basics Support/resistance and volume.
Cut Losses Quick- especially in a emotional and unstable market. Good Luck
Trade active
3 bounces in order book Even margin at 0.00012103
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.