Yokoj
Short

Fake break out, don't fall for it

KRAKEN:XRPUSD   Ripple / U.S. Dollar
This prediction is pretty bold regarding the past of this trend line , but I believe that too much is too much, and this trend will have to break soon. If you are in profit on a trade right now, I would cash at least some of it in. As I believe we could soon see a break to the 0,25 region. The reasons are simple ones, we have tested this trend line many times and it has become very popular for entry zone, so what would you do if you were a financial institution and had loads of cash, you would do what people don't expect. Also the more you test a line the more likely that it will break. Finally the upwards momentum is not like the previous tiny bull runs, it is very slow. So I think we might be currently at it's peak before we drop back down again.
It's fascinating - you draw a perfect trend-line, get a perfect bullish entry, and then self-sabotage the trade by somehow not trusting what you see, and cashing out instead of letting profits run... Pity, but a good lesson.
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Ha ha. You should have buy it. Now you may watch the train as it leaves the station. Still not too late for you to buy it. just saying :)
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