Daily Time frame shows a ABC pattern, C forming around the 78.6 fib, curently rejecting my entry from 61.8 level, also following a current trendline on the 2 hour time frame, lets see how it plays out, TP is currently at 109.00 with a tight SL at 11.250, so very little downside.
Since the markets have been seeing alot of bullish momentum in these markets the past couple days and alot of speculation this could be the start of a bull run, even i believed it, technical analysis is telling me otherwise, I seen a great head and shoulders movement with a nice 61.8 level retest of my Fib. along side I caught the ABCD movement at "C" where my...
We seen a crucial manipulative spike downwards which hit my Sl earlier today, so i waited to see if 30 cents can manage to hold up,and the past couple hours it has which led me to believe the bulls are coming in. Bouncing off the 61.8 fib once again it signaling to me this is holding up and also its making a 3 pin pattern on the hourly and can see it as well on...
XRP after a successful Short position this morning after waking up i seen the pair holding strong onto my weekly trendline support as it did a rapid spike into the 61.8 region on the fib and back to .30700, then i got into the position waiting for a restest of that trendline where the arrow is at. all in all now my bias has changed, XRP can possibly set to begin...
XRP made a quick run to the upside retesting prior high and testing the 200ema with precision on the 2 hour timeframe, managing to close below, it signaled me for a Sell execution, Stop Loss at .3200 risking 30 PIPs with a TP at .30 roughly 170 PIPs, But i potentially see this pair possibly retesting a low of .28800 - .28 cents. If this occurs within the next few...