G'Day Cobbers and lovely Shobbers,
I have a nice size bag of XRP, so I thought I would share with you how I think it will go in the coming month,
I rode this coin from 67cents to $2.8ish last time and then left it to sit and wait for it to find a bottom, I generally don't trade too many coins outside of BTC contracts as I have a terribly short patience when comes to trades and find holding them long-term difficult. So I have found my niche in scalping intraday. Anyway on to the trade, this one will have a long-term horizon, it should drop in the short term so I see a good buy in opportunity around .70 cents.
As you can see on the daily, we have broken out of a long-term falling wedge and have had the first pump, we should now correct a little, before taking a nice long run up to over $3(not in a straight line), We are about to see a multiple EMA crossover of the 50 100 20 EMA too.
Good Luck and Happy Trading,
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
I have a nice size bag of XRP, so I thought I would share with you how I think it will go in the coming month,
I rode this coin from 67cents to $2.8ish last time and then left it to sit and wait for it to find a bottom, I generally don't trade too many coins outside of BTC contracts as I have a terribly short patience when comes to trades and find holding them long-term difficult. So I have found my niche in scalping intraday. Anyway on to the trade, this one will have a long-term horizon, it should drop in the short term so I see a good buy in opportunity around .70 cents.
As you can see on the daily, we have broken out of a long-term falling wedge and have had the first pump, we should now correct a little, before taking a nice long run up to over $3(not in a straight line), We are about to see a multiple EMA crossover of the 50 100 20 EMA too.
Good Luck and Happy Trading,
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
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Cloud was sitting right on top of the Candles before I published the chart, it has now adjusted. here it is anyway
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Already starting to head to buy in zone
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There we go, it is fixed again
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If we do penetrate the cloud, I will add positions, You will regularly see a full move through to the other side once a cloud is penetrated, good probability trade. No stops loss needed as I have buy orders set below for a better position.
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Comment:
Some bearish Div on the Daily, may skim along the bottom of the cloud .
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Chart didn't post. Trying again.
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XRP bounced beautifully of the kijun-sen at 77 cents.
