XRP prepares for sell off - .2325 possible target
Updated
XRP prepares for a large sell off; unless it breaks this clear pattern for the first time after the last two similar cases.
Stoch is again on a high on the daily perspective, and the last two cases, XRP made moves starkly to the downside.
I am labeling this a neutral call, as I am waiting for a cheaper entry point to buy and go long. I am not actively shorting. I am very bullish on XRP mid to long-term. XRP must sustain itself above and through the upper end of the current downward channel (for at least 2-3 days) for my short-term outlook to change to bullish.
I am more than happy to change my outlook (and immediately go long) if both the daily stoch pattern breaks, along with the downward channel pattern breaking.
#XRP #NoLimit
Stoch is again on a high on the daily perspective, and the last two cases, XRP made moves starkly to the downside.
I am labeling this a neutral call, as I am waiting for a cheaper entry point to buy and go long. I am not actively shorting. I am very bullish on XRP mid to long-term. XRP must sustain itself above and through the upper end of the current downward channel (for at least 2-3 days) for my short-term outlook to change to bullish.
I am more than happy to change my outlook (and immediately go long) if both the daily stoch pattern breaks, along with the downward channel pattern breaking.
#XRP #NoLimit
Trade closed: stop reached
Changed outlook and happy to go long here. Strength is consistent and heading firmly out and above down channel. If by chance we do head lower again in the coming days or weeks, I will be buying more at cheaper levels.
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