oh92
Long

XRP to the Moon!

BITFINEX:XRPUSD   Ripple / U.S. Dollar
XRP is already up over 100% since breakout and has formed a beautiful bullish pennant .

The bottom of the pennant has been my accumulation zone, as this provides a very tight stop loss.
I am in hopes that XRP breaks the top of the pennant here shortly.

Instead of using a break in the accululation zone as my stop loss, I plan to use a break through .72. This is because I believe a fake out is likely right before the pump. Just like on the daily chart I have shown below.
IF we ever then break upward through the downward trendline , I plan to double up on my position.

First Major Target is set at $1-1.1

IF we break my stop loss I will look to re-accumulate around .6

Minor Resistance levels are also shown above.

I wish you all the best of luck!



DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Comment: Pennant Extended. Original stop of .72 still in place.
Trade closed: stop reached
Trade active: Breakouts on both USD & BTC pair.
I expect some action.
Comment: possible entry: break and close above .75
Comment: lets hope the time has come :D
and its breaking haha
Reply
Accumulation?
Reply
oh92 nofootprint
@nofootprint, appears we have started ranging so the pennant is no longer active. current stop still remains a break .72 for myself ... plan to update here shortly
Reply
@oh92, Thanks :)
Reply
Have the same @oh92
Reply
Juanchobanano Juanchobanano
:)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out