alclark

Make money on the way and on the way down

Long
KRAKEN:XRPUSD   XRP / U.S. Dollar
XRP has an EBB and Flow that is to be expected. TA shows that there is a chance for the reverse head and shoulders to fail the notated area and head down to the next logical place for the narrative which would be back down to around a dollar, frustrating the remaining retail investors who may have bought close to a dollar and will see the crash as imminent and sell. Check out RSI and StoCh RSI to see that the market is already oversold even though a small move was made to the downward side; this shows that volume is overwhelmingly bullish and there aren't that many people selling at the moment. Time your retracements and make money on the way up as well as during temporary price adjustemts. Always practice good risk management and risk no more than 3% of your bag on any one trade.