XRP Break-out In Either Direction

Analysis of past volume, support, and resistance levels. Area color legend:
- Red = resistance
- Green = support
- Yellow = volume void
- Blue = consolidation
Note: Some past consolidation and volume void areas extend from the left side of the chart. Past support and resistance areas may be wrapped into past consolidation.

Bitcoin's price action could greatly influence the outcome. Bitcoin's movements may void this entire analysis or could force the price past the target in either direction.

I do not claim to know which direction the price will go. I hope to estimate the distance it will move after a breakout. Not financial advice. Good luck out there.

-AetherMass

Resulting potential trades:

Long at $0.72522
Stop (sell) at $0.6915 with loss of 4.65%
Profit (sell) at $0.81901 with gain of 12.93%
Risk reward ratio of 2.78

Short at $0.60929
Stop (buy) at $0.63459 with loss of 4.15%
Profit at (buy) $0.49021 with gain of 19.54%
Risk reward ratio of 4.71

Trade active:

Trade entered several hours ago. Hovering at entry price so far.

Trade active:

Currently at $0.745. I moved my stop to $0.7288. If BTC reaches for $8800 as some on TV are projecting (currently $8279), IOTA may dramatically overshoot my take profit target of $0.819. I am evaluating this now along with an active, smaller IOTA trade with the same issue.

Comment:

Edit: I copy and pasted a comment from another trade. I am kind of using TV as a trading journal.

...IOTA may dramatically overshoot...
to
...XRP may dramatically overshoot...

Trade closed: target reached:

Closed with profit. It did overshoot and I ended up taking profits at ~$0.85.

Track record: 3/4 for crypto; 1/1 for XRP; 1 pending trades.