2nd Breakout Coming
What goes up comes down, and then what goes down may or may not bounce back.
After an epic climb yesterday, XRP seemingly back down to earth to catch its breath after a 24% drop.
Knowing nothing but trying to pick this up as I go and trying to make some pocket change while I'm at it, looks like we may have the second leg of XRP's climb.
- Signs are still weaker than I'd like to see but we're seeing a cup and handle / bull flag formation.
- MACD crossing on 15 and 30, nothing on the hourly yet.
Lets see how it goes this round trade with care, hopefully we get that $1.49 target everyone be talking about.
My goals (targets) with this:
- $1.10
- $1.20
- $1.49
Correct me if i'm wrong.
After an epic climb yesterday, XRP seemingly back down to earth to catch its breath after a 24% drop.
Knowing nothing but trying to pick this up as I go and trying to make some pocket change while I'm at it, looks like we may have the second leg of XRP's climb.
- Signs are still weaker than I'd like to see but we're seeing a cup and handle / bull flag formation.
- MACD crossing on 15 and 30, nothing on the hourly yet.
Lets see how it goes this round trade with care, hopefully we get that $1.49 target everyone be talking about.
My goals (targets) with this:
- $1.10
- $1.20
- $1.49
Correct me if i'm wrong.
Order cancelled
Well that broke down and totally failed.Note
As well as the fan does hold up to various supports and resistances, I'd opt to call it invalid as it doesn't follow Gann's 45 degrees to any precision.Trade active
Well maybe its owners bias but I'm seeing nothing but bull flags out here:Inverse Head and shoulders?
Note
Elliot 5 pt Impulse wave?Note
Target from this run would be:$1.10
$1.23
$1.36
Would love for someone to correct me. Looking to learn.
Note
Didn't like position of pt 3 in the previous chart:makes last target:
$1.56
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.