XRP SET FOR ANOTHER BULL RUN!!
Updated
I SEE A BULLISH PENNANT ON A DAILY XRP CHART. A BULLISH PENNANT SHOULD TAKE NO MORE THAN 3-4 WEEKS TO FORM. THE MOVE AFTER THE PENNANT IS COMPLETED SHOULD DUPLICATE THE SIZE OF THE MOVE PRECEDING IT (MURPHY, P 143). VOLUME SHOULD ALSO BE LIGHT DURING ITS FORMATION. PRICE IS SUPPORTED WELL ABOVE 50MA WITH 200 MA ACTING AS A SHORT TERM RESISTANCE.
THIS IS JUST AN IDEA PLEASE DO YOUR OWN RESEARCH BEFORE GOING LONG OR SHORT.
HAPPY TRADING
THIS IS JUST AN IDEA PLEASE DO YOUR OWN RESEARCH BEFORE GOING LONG OR SHORT.
HAPPY TRADING
Trade active
LIKE I SAID EARLIER. ITS HAPPENING.Trade active
I WILL WAIT TO ADD MORE TO THE LONG POSITION ALONG WITH A TRAILING STOP AT THE CORRECTION. LETS SEE IF IT DIPS TO THE PREVIOUS TRENDLINE AND USE IT AS A SUPPORT.
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