andypro16
Short

CLEAR HEAD&SHOULDER target 2.3

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
first target 2.56
next target 2.3
Comment: you are reminded to take some profit at ~$2.6
as $2.6 seems to be a strong support.
Comment:
FYI, $2.3 is a 0.618 retracement position measured from the previous 0.618 correction bottom to new high and also a support level observed in the chart.
Trade closed: target reached: double bottom shows a great support
I have taken my profit.
Trade closed: target reached: wow
Bull trap
+1 Reply
cryptoriches tomlilley81
@tomlilley81, what is bull trap??
Reply
tomlilley81 cryptoriches
@cryptoriches, Price comes down hits a load of orders, bombs up and creates a mini rally, sellers hold off for price to touch another resistance then sell. 2.30 by morning....
Reply
andypro16 tomlilley81
@tomlilley81, it seems $2.6 is a good support. I will take some profit around $2.6 because ripple is a very strong cryptocurrency and it is possible to form a double bottom and continue next upward movement.
Reply
cryptoriches tomlilley81
@tomlilley81, got it. Thank you. But this stock has its own mind and defining its own course with no respect for technicals. Hoping it will oblidge atleast this time
Reply
tomlilley81 cryptoriches
@cryptoriches, Of course it's all speculation.
Reply
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