Let me preface this with saying that I disagree with Ripp... Ah what the hell, you guys only care about money in your pockets.
Spotted a falling wedge on XRP (I've been tracking it ever since I saw that juice TD9-13-9 perfected buy setup on the 4h chart) and I think it is ready to blow up on the next bounce of the support line.
A measured move would put us around Target 2, with an average run ending at Target 1. Be sure to lock in those profits!
And set a stop loss! (my battery is running out).
Spotted a falling wedge on XRP (I've been tracking it ever since I saw that juice TD9-13-9 perfected buy setup on the 4h chart) and I think it is ready to blow up on the next bounce of the support line.
A measured move would put us around Target 2, with an average run ending at Target 1. Be sure to lock in those profits!
And set a stop loss! (my battery is running out).
Trade active:
We have a breakout!
Comment:
Please keep in mind that we might retest downtrending resistance as people that bought the local high before the last dip want to exit their positions - we do that about 75% of the time. This is a second buy opportunity for people that missed the breakout.
Comment:
XRP Cooled down a bit after breaking out and the RSI banging it's head into the ceiling. This is why you buy at a support (purple box on the first chart) and not on a break-out. We are now consolidating into a bullish pennant: