Are we seeing a Classic Break and Re-Test here? i'm going to wait here and see if we break out and close above (0.2475-0.25) and would Long from there and have a nice stop/loss in the .21 area and the first area of profit taking could occur near .265 if we break through this area as i anticipate we will, then we can see a re-test of .28, .30 and then eventually creating a new high above .35!
And for my bearish stance, i'm not expecting such a big move further down, however if we do.... then the following could occur
if we do break down our last standing support here we could also possibly see a free fall to the .17 area, that would quickly get eaten up by the Bulls and run wild to a New ATH! XRP #XRPARMY
I am newer and am open to ideas on how i can get better as a trader and analyst, what other indicators are you using and whats the specs to that specific one? Also If you disagree please let me know why and show me where i can get better and prepare myself for the worse? all feedback will be appreciated and responded too!
And for my bearish stance, i'm not expecting such a big move further down, however if we do.... then the following could occur
if we do break down our last standing support here we could also possibly see a free fall to the .17 area, that would quickly get eaten up by the Bulls and run wild to a New ATH! XRP #XRPARMY
I am newer and am open to ideas on how i can get better as a trader and analyst, what other indicators are you using and whats the specs to that specific one? Also If you disagree please let me know why and show me where i can get better and prepare myself for the worse? all feedback will be appreciated and responded too!