Hi mates, Sharing an trade idea for XRP tether as we can see it gives a bounce from support and now facing resistance for retracement, so i want to go for a long side retracement trade if it will break resistance and close above targets shared on chart.
One can use own time frame (smaller) for closing or activation of this trade for tracking this idea.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
One can use own time frame (smaller) for closing or activation of this trade for tracking this idea.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Note
Facing again rejections from resistanceTrade active
This is first time after publishing this idea that price closing above resistance and now sustaing above too so for me this is an active trade now, Might this is happening because of peer action in major crypto pairsNote
Reached very close to target one friends and taking resistance as that is resistance based targetPublished chart-:
Smaller time frame for resistance view-:
Note
After published this breakout price reached near to resistance based target two times but failed to break that resistance based target one, and currently doing a high grade consolidation between resistance for long (which actually acting a good support for price now) and and resistance based target friends, i assume after the breakout of this consolidatiom zone added in this update we can see a good move soon in itNote
Target Update-:Traget One completed and now price is sustaining above that resistance based target one friends, Nicely moved after a consolidation breakot as mention in update above so now from here if price will close above target one we can see target 2 very soon as closing are the one of most important part in technical analysis. Nice gains so far as breakout not ditched and not gives a close below resistance for long after breakout
Trade closed: target reached
Target Update-:All targets complete gained 17% from updated entry price friends, This is done very beautifully as first price did not gives entry but when it provides entry above resistance you can see it played very well the game of where resistance turned into support whether it was resistance based target two. I am looking good posibilities of upward movement from here so that is why will publish a new one on it this one is closing completely
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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.