A QUICK UPDATE TO THE RECENT TRADE WITH XRP
The original trade was stopped out. However, I am back in with this pair and I have updated the chart with the horizontal support level drawn in and what I see as a falling wedge pattern. We seem to be breaking out of this pattern and the next seven days will see how the pattern breakout plays out. Again, all fairly simple analysis but using a tight stop again I think we have potential for a good move back to the 40 cents area.
The original trade was stopped out. However, I am back in with this pair and I have updated the chart with the horizontal support level drawn in and what I see as a falling wedge pattern. We seem to be breaking out of this pattern and the next seven days will see how the pattern breakout plays out. Again, all fairly simple analysis but using a tight stop again I think we have potential for a good move back to the 40 cents area.
Trade closed manually:
Target almost reached today as the price burst upwards as first thought. I am still very bullish long term with this pair and I hold many xrp.
Possibly a retracement back as low as 34 cents before another surge. I will post any trading ideas as I see them
Possibly a retracement back as low as 34 cents before another surge. I will post any trading ideas as I see them