XRP/BTC - No Hype, Simple Analysis Pretty simple, we have strong trends, we're in a cone, and XRP is low. I put the resistance zone where I did simply because of one way or another, XRP is about to break out of its current trend in the coming weeks. All the previous price action in the long area I do not believe will limit growth as it was part of a strong downward trend. What will impact you is that damn near platform like straight-line in the market price action from October '19 to December '19. Having said that, I would set a take profit somewhere around where I indicated with the red arrow around the 0.00003000 range.
As always, please share, comment, criticize. Help me learn. Help me grow.
Have a great weekend everyone - happy trading!
Simple
Quick GA Buy30 - 50 pip move on GA. We have a descending channel gearing up for a quick breakout to form a correction.
Fit simple TAFIt has been in a clear bull flag since Nov. 2019. With a close over the 50 day and above the bull flag we may see a breakout. Due to current market conditions this could be delayed/halted, but in the long term FIT will run up early-mid Feb. .
SIMPLEElliot wave going green on the weekly
Inverse head and shoulders indicating bullish momentum and possible bottom of downtrend from the 14k high.
If price goes past 10300 confirmation of bigger picture trend reversal; risk/reward ratio of new long position is good.
Simple Buy or SellIf the red line breaks it goes down, but if the green line breaks, then we go up.
Simple to manage with conditional orders under and above these prices.
Satisfying Simple Short Back to the basics is always better.
Targets:
Target 1: 1.31416
Target 2: 1.31151
Target 3: 1.30948
Keep Positions Liquid
USD/CADHUGE MOVE in USD/CAD to the down side!!!!!!
With that being said this move it was triggered my signal to go short
On the 4 hour chart the 10 ema crossed below the 20 ema
The red vertical line is my confirmed candle to be looking for a short position
On the 1 hour chart i am looking for a pullback into the 50 ema which is the yellow line
Other than that i just wait...
Its real simple people
TRADING NEEDS to be SIMPLE!!!!!!
Channel down spot gold for the 38.2 fibo retrace (1447)Gold touched the 4H 20 SMA (1457) and I opened a sell for the 38.2 fibo retrace (1266-1555) at 1447.
AXP Simple TANYSE:AXP looks to have broken the downtrend. It closed under the 20 day MA but is approaching support from the 50 and 200 day which should provide enough support to push it through the 20. I'm expecting this to reach 122-124.
-Please leave any feedback or constructive criticism, always trying to learn more.
