botje11

Good setup for XRP Ripple, short term trade

Long
botje11 Updated   
XRP is looking very strong now, it has formed a clear upwards triangle. The setup is clear, entry, exit and stop level.

I am going to close half positions around both targets. I am not in yet, waiting for it go slightly lower (blue area) and than i will buy. There are to stop levels for me, half is a clear break of that triangle and the second stop for the other half is around than small green support level.

A few of my previous analysis on XRP

Don't forget to like if you appreciate this analysis :)

Comment:
Comment:
Comment:
Price dropped perfectly to the entry area and we have a break out. Price should not drop back in the triangle again, at least not to much.
Comment:
Looking good, volume also. Could see a pull back though, IF that happens, should stay above 0.68ish. I have moved my stop to my entry level as well for a free trade :)
Comment:
I am closing half, i am really getting some mixed signals with BTC, i just want to lock in some profit. If we do go higher i will probably buy it back. The remaining with a stop around 0.675
Comment:
The pullback was successful, but the move after it is not convincing, volume is low and no real follow through yet. So that is not a good sign, I had closed half yesterday already, and i am going to leave the remaining at my entry level. It's still worth the risk
Comment:
First target reached, i have closed half of my remaining position
Trade closed: target reached:
I have closed my remaining position, all targets are reached :) I think my alt trades of the last 2 months have been 15/20 winners in a row :)


Want to support me? My affiliates:

partner.bybit.com/b/botje12

onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus

www.kucoin.com/r/af/rMQN2A5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.