XRP following in DOGE's footsteps?
Updated
XRP's pattern is similar to DOGE's so far...
What to look for in XRP for pattern to play out:
- close above 4H 20 ma
Invalidation of idea:
XRP closes below the 0.618 retracement.
Although, DOGE did consolidate on it's 0.618 so if I were to set a stop loss I'll give it some room i.e. close below $0.37
What to look for in XRP for pattern to play out:
- close above 4H 20 ma
Invalidation of idea:
XRP closes below the 0.618 retracement.
Although, DOGE did consolidate on it's 0.618 so if I were to set a stop loss I'll give it some room i.e. close below $0.37
Note
4H candle closed above 20 ma - sweet! Adding to position on dips from here.
Trade closed: target reached
Another great trade. Took some patience but we got there in the end. Target hit at the 0,618 retracement of the last move. If XRP breaks above there'll be another trade entry on the retest.
Related publications
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.