Okay I am long again with XRP. Plenty of good news out and the bull run has started.
Entry at the support and expect a bounce sharply up top the first target.
This trade is still on for 58 cents before 28th May.
You can see another falling wedge pattern forming which further confirms my previous analysis/ Like many analysts here on Trading View we are sometimes too quick to give our idea . Watching this play out on screen gives me great confidence we will see higher values within the coming days.
The wedge is...
I've published the trade previously but further analysis confirms the trade.
A break of the resistance will propel this towards 60 cents fairly quickly with spikes above
The previous trade we took profits at 40 cents. We missed the additional move to 47 cents. You can see from the previous chart published how the price bounced back from the extended dotted trendline on the chart. However, my analysis for the trade was 40 cents and I am always happy to take profit. Given the recent volatility there are always opportunities to get...
A QUICK UPDATE TO THE RECENT TRADE WITH XRP
The original trade was stopped out. However, I am back in with this pair and I have updated the chart with the horizontal support level drawn in and what I see as a falling wedge pattern. We seem to be breaking out of this pattern and the next seven days will see how the pattern breakout plays out. Again, all fairly...
I've been watching XRP over the last year or so. It is very clear there is a strong bottom in place for support and once again we are in that zone. If this support gets broken theni do believe a large fall is highly probable. However, in terms of a short term trading opportunity I believe we are at a nice entry point that provides us with a nice tight stop with...
Break of neckline and retest of 61.8% fibonaccin retracement.
Short at 1.3988 on break down of previous neckline.
Two price targets are at fibonacci extension targets of 127% and 161.8%
I can't find the fibonacci extension tool on trading view to show extensions.
Double top formed on daily chart.
Break of neckline and retest of 61.8% fibonaccin retracement.
Short at 1.3988 on break down of previous neckline.
Two price targets are at fibonacci extension targets of 127% and 161.8%
I can't find the fibonacci extension tool on trading view to show extensions.
