Welcome to another macro TA on XRPUSD.
This may be an unpopular chart as it shows very boring movement this year 2019, even until late March 2020. Many weak hands to be shaken off out of despair from a seemingly lost investment. Many in the process will lose faith in XRP as Ripple the company continues to shine with no price appreciation for XRP....
Gold has been trading sideways in a triangle pattern on the 1-hour chart. A breakout to the upside may lead gold to test recent high at 1438-1440. Meanwhile, a breakdown to the downside may lead gold to test major support at 1382-1385.
BTC has been fairly steady within a somewhat defined channel. It broke slightly below this channel momentarily and looks to be rebounding right back into the very same channel where it was before. If it tests the top of this same channel I will look to short the top and long the bottom of the same channel, and repeat.
I'm putting on an iron condor trade due to fading trend sideways movement may lead to a lower price.
SPY is sinking slowly due to trade tensions.
310/315/375/380 EXP June 21 145/355 Profit/Loss
Max profit I want to take out of this trade is $80 and max loss is $160 as per guidelines drawn.
This is a journal entry and not trading advice.
Drew this long term curve with much more realistic prices than I posted in my previous idea. Have a good look at where we are right now. You can draw a medium curve inside of that bigger one and then determine of where we are going next. I see more sideways action until we closd above 0.70$ on monthly candle.
7-9$ per xrp is very realistic looking...
A bullish bat pattern on this setup gives a good consideration to engage the trade.
If you have spotted, CADJPY gives an Emerging Bearish Shark Formation and such give traders more thoughts on currency correlation.
Will this affect your trade plan?
Think about it.
Exact Trade Plan sent to my subscribers.
A triangle is starting to form while prices are trading sideways with lesser volatility.
Prices are expected to rise with prices being near over sold on bollinger bands with an upcoming resistance line of 1152 satoshi before XEM could explore any higher.
I have recently started my own cryptocurrency Telegram group.Hence if you wish to get updates about...
We continue to have sideways movement between well established lines of support and resistance. The line of support has been tested 8 times.
However, movement downward is running out of steam as evident by the last dip that was unable to reach our support line. So it's no surprise the price is now flirting with a breakthrough of our line of resistance. If this...
Bullish Minor / Corrective wave Detected
EURUSD would be sideway today.
CCI (30) is above 0 value, any break below 0 value with high volume will continue down trend
No Agressive trade plan today since it FRIDAY!!!
There are 2 intraday levels what will be interest me in this week.
Intraday Short 2 levels is based on Volume accumulation = Acumulation Setup
As i said previously in my posts, the big institutions who move and manipulate the market build up their massive trading positions in sideways price action channels ( rotation area in purple rectangle) . This short 2...
I note BCH has transitioned form an ascending channel to a sideways consolidation channel which is often a continuation pattern. Back testing shows that it may move sideways longer than my pink trend lines suggest. BCH has been a great coin to trade (not hold) recently so I look forward to watching this one with anticipation of its next move. Trade safe team.
Regarding my latest post, course is walking sideways forming a little triangle were it first broke down and then it move up like a renewed break-out. I see that often happening with rising and falling wedges. First a break-out/down to be followed-up by the correct move regarding the specific wedge. Anyway, those rectangles in the chart, in my...