It's been a while we're all waiting for #Ripple #xrp.
Now the daily chart is quite beautiful;
Strong S/R levels showed up,
A symmetrical triangle formed,
200 and 100 sma act as strong supports,
A powerful descending trend line which needs to be clear.
Hint: the #xrpbtc chart is at a strong support as well.
#Bitcoin pumps and dumps can destroy any analysis, but to be honest, when I look at this chart, I do not care about whatever #btc might do.
Targets can be higher if market was in a good mood. These are what we can talk about for now.
This is a daily chart, I do not tell you where to enter; check out 4h timeframe and find the best point by yourself.
Manage your risk.
Obviously, a stop-loss should be considered below the symmetrical triangle and support area.
Good luck,
Median Eagle.
Now the daily chart is quite beautiful;
Strong S/R levels showed up,
A symmetrical triangle formed,
200 and 100 sma act as strong supports,
A powerful descending trend line which needs to be clear.
Hint: the #xrpbtc chart is at a strong support as well.
#Bitcoin pumps and dumps can destroy any analysis, but to be honest, when I look at this chart, I do not care about whatever #btc might do.
Targets can be higher if market was in a good mood. These are what we can talk about for now.
This is a daily chart, I do not tell you where to enter; check out 4h timeframe and find the best point by yourself.
Manage your risk.
Obviously, a stop-loss should be considered below the symmetrical triangle and support area.
Good luck,
Median Eagle.
Trade active:
Our first tp got filled.
Now, we are in the correction zone, re-entering here (at prices around $1.00) makes sense.
current price: $1.07
Good luck.
Now, we are in the correction zone, re-entering here (at prices around $1.00) makes sense.
current price: $1.07
Good luck.