i believe downward momentum will continue on this pair, possibly for quite some time as the trend is relatively new. i used the pivot levels, and the previous low to determine my take profit 1 and 2, as i split my lot sizes in half to have two entries. i entend to close one of the lots at tp1 and move the other to entry at the same time. Tell me what you think!
I think the end of the corrective wave zigzag ABC is end at about 30 000$. Next step should be an impulsive wave in 12345. I thing the wave 3 (1 hour timesheet) is now starting, so a long position could be placed.
I hope that this idea is true.
Have a nice day.
Its very important support zone. If we will keep this support zone. We can make some profit.
Entry around 46000$
Take profit around 50 000$
Stop loss under the support zone, or other buy limit around 42 000$
Triple Bottoms being one of my favorite plays, I have located one the 1HR $XRP chart. Solid bounces right of the support with ranges marked with Horizontal rays. Gives you a decent idea of where it can go with continued solid volume. This is my first publish, thanks for taking the time to check it out and read. Any recommendation are greatly appreciated. Thank...
Hi, now you can see two support zones.
First support zone - 255 - 247$ here I have buy limit. If LTC go down, use other buy limit
Second support zone - 223 - 212$ here I have buy limit.
Take profit is around 330$