XRP's bull/bear transition Pt. 17
Updated
Hard to believe I've done 17 of these, but glad I have- as XRP broke my 2 primary lines of resistance over the past 12 hours. Very encouraging, as this is one of the harbingers of the bullish market we've all been waiting for.
Hope you enjoy the video, and let me know your thoughts.
I've been thinking of doing similar analysis on other financial instruments- please let me know any suggestions you have and I'll take a look.
Hope you enjoy the video, and let me know your thoughts.
I've been thinking of doing similar analysis on other financial instruments- please let me know any suggestions you have and I'll take a look.
Trade active
Trade entered, look for oversold position on 1m or 5m timeframe to set stop loss.Comment
Trade profitable, stop raised to .345, minimum profit 2.63 risk to reward ratio to lock in profitsComment
Comment
This move really blew up- raised stop to .3689, but wondering if price action will blow through my target. If we do pass the pink line (around .374), we'll likely see .45 by the end of the week.Comment
Breakout imminentComment
Blew through it. Made recent high again, and higher low.Looking at this pennant with a decision time at the circle.
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