jhypark
Short

XRP next price action and potential long position price

BITFINEX:XRPUSD   XRP / U.S. Dollar
740 views
6
740 0
I am waiting next price action of XRPUSD
If the upper line of the long-term uptrend channel break,
we may test lower line of channel,
and long position can be 0.41$ area, hopefully bounce back to upper line again to 0.70$.
(since this chart is log scale, this uptrend channel means exponential growth!)

It can be also looks like fractal of last year or a wyckoff accumulation pattern, so, my position is short now.
Comment:
I prepared order @0.51-0.45 area for 30% of the total asset (orange line of the chart), also booked order @ 0.40-0.42$ area for 60% of the asset. IF the order not filled, whatever the price is, I will buy @june 21,22,23,24,25,26 each day, buy 10% of the asset. I expect(bet) the last small drop and huge bounce is imminent.
Trade active: long position open(5%)
Trade closed: stop reached
Trade active: 50% of asset in XRP, 10% in BTC: pretty big portion is in the long position, if price goes down, stop loss trigger also can make big loss......
Trade active
Comment: my exit plan: booked sell order @0.62-69$ area, IF this booked order not filled, whatever the price is, just sell from the day July 8(25%), and the other 25,25,25% in less than 3 days.
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 Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out