germac

fortnight trendline was profitable

KRAKEN:XRPUSD   XRP
The two week (15-minute) trendline for XRP is still unbroken! When the previous up trendline was broken on May 6th with the price at $0.88 a short sale was a good bet and if it turned against you the price action was slow enough to get out with only a small loss. The price this morning is $0.68 so you'd be ahead now by 22%. That might not sound like a huge amount but consider that it would take about 15 years to get that return from a savings account at your bank. You can see that the down trendline is still going so there may be more profit to come from this move. Since the explosive moves in the weeks around last Christmas ended, XRP appears to be making moves of 30 or 40 cents lasting 2 to 5 weeks before reversing direction. Watch the trendlines and when the minor rallies or reactions break them be prepared to close your position, take your profit and be ready for the next intermediate-size reversal!
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