XRP Thesis
- Weekly: Last weeks candle closed as a bearish engulfing closing below 0.2500 major weekly zone taking out previous weekly lows. XRP could move a lot lower.
- Daily: After new low was formed at 0.2325 monday candle closed as a bullish engulfing and broke above 0.2500 major level signalling a recovery back up to 0.2715 is on the cards.
- 1hr: Now expect a pull back back into 0.2500 after break before seeing a possible rally up to 0.2715 forming a new bullish leg
Trade active
Trade closed: target reached
Trade closed: stop reached
****Trade active
Re-entered with my stop loss alot lower than the first time. That is why i was stopped out, too closeTrade closed: target reached
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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.