XRP is looking very strong now, it has formed a clear upwards triangle. The setup is clear, entry, exit and stop level.
I am going to close half positions around both targets. I am not in yet, waiting for it go slightly lower (blue area) and than i will buy. There are to stop levels for me, half is a clear break of that triangle and the second stop for the other half is around than small green support level.
A few of my previous analysis on XRP
Don't forget to like if you appreciate this analysis :)
I am going to close half positions around both targets. I am not in yet, waiting for it go slightly lower (blue area) and than i will buy. There are to stop levels for me, half is a clear break of that triangle and the second stop for the other half is around than small green support level.
A few of my previous analysis on XRP
Don't forget to like if you appreciate this analysis :)
Commentaire:
Commentaire:
Commentaire:
Price dropped perfectly to the entry area and we have a break out. Price should not drop back in the triangle again, at least not to much.
Commentaire:
Looking good, volume also. Could see a pull back though, IF that happens, should stay above 0.68ish. I have moved my stop to my entry level as well for a free trade :)
Commentaire:
I am closing half, i am really getting some mixed signals with BTC, i just want to lock in some profit. If we do go higher i will probably buy it back. The remaining with a stop around 0.675
Commentaire:
The pullback was successful, but the move after it is not convincing, volume is low and no real follow through yet. So that is not a good sign, I had closed half yesterday already, and i am going to leave the remaining at my entry level. It's still worth the risk
Commentaire:
First target reached, i have closed half of my remaining position
Trade fermée: cible de profit atteinte:
I have closed my remaining position, all targets are reached :) I think my alt trades of the last 2 months have been 15/20 winners in a row :)