ohenrik

XRPUSD uptrend continuation

BITSTAMP:XRPUSD   XRP / U.S. Dollar
XRPUSD has continued its uptrend. I have sketched out the next possible resistance point at 0.26 and 0.29. Please let me know if you agree or disagree and what i might have missed. :)

If this breakout reverses the support is 23.0, set your stop loss bellow this level. Also take profit should be around 0.29. (Risk/Reward 2.3 with entry on 0.24776)

Entry: 0.24776 (now)
Take profit: .29
Stop loss: 0.23
Risk/Reward: 2.3
Comment: Good news every one! We broke straight through 0.26 in one candle and are now using it as support before we, hopefully, continue towards our target at 0.29 :)
Comment: We reached 28.0, a resistance point i hadn't drawn in. Hopefully the 26.0 support will hold.
Trade closed manually: Due to missing the 28.0 resistance point the trade failed, and i chose to manually close this trade at 0.0. This trade setup is no longer valid and movement in BTCUSD is making all other pairs act strangely (IMO). Lets just wait for the next opportunity.

Comments

It looks like 0.26 is History :)
+1 Reply
ohenrik sezcurra
@sezcurra, yes! Hopefully 0.26 will be properly broken, i think it will, though at the moment it might still turn. Anyway i think this uptrend will continue. We will see tomorrow i guess :)
Reply
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