XRPUSDT | 1H | Heikin Ashi Candles | 1-2% profit potential
1st off, i'm always looking to improve my TA always back testing and testing the strategies of others. Credit goes out to @CrytoChoe and @PhilakoneCrypto. Look these guys up on twitter and Trading view. I'm trying to elevate my game and use the Fib retracement tool.
Alright, credit out the way, XRP looking bullish to me but i'm waiting for a nice green candle to break that resistance tested and rejected since 23 Oct 2018. I'm counted 15-16 times rejected off that resistance drawn. Very strong. same fold, support drawn shows strength as price bounced off 17-18 times. Boom!
Entry:
If you hop as the candle break resistance, price can hit the .5 and .618 fib level, you're looking at a profit potential between 1-2 %. the price hung out around the .236 fib level for the last half a day and just left it on its next leg up. Slow rise though but patience is virtue. I missed out on many targets pulling out prematurely.
just make sure if and when you enter in a position, you set a sell target and/or SL. We are going into the weekend so it will be tight in my opinion. Have a plan. If you let the price ride without monitoring it with targets, your chance will come and go and your investment will tank.
Good luck.
Alright, credit out the way, XRP looking bullish to me but i'm waiting for a nice green candle to break that resistance tested and rejected since 23 Oct 2018. I'm counted 15-16 times rejected off that resistance drawn. Very strong. same fold, support drawn shows strength as price bounced off 17-18 times. Boom!
Entry:
If you hop as the candle break resistance, price can hit the .5 and .618 fib level, you're looking at a profit potential between 1-2 %. the price hung out around the .236 fib level for the last half a day and just left it on its next leg up. Slow rise though but patience is virtue. I missed out on many targets pulling out prematurely.
just make sure if and when you enter in a position, you set a sell target and/or SL. We are going into the weekend so it will be tight in my opinion. Have a plan. If you let the price ride without monitoring it with targets, your chance will come and go and your investment will tank.
Good luck.