- extension targets to guide amidst broad consolidation below all-time highs
-indicators (macd/rsi) building positively with rsi showing signs of bullish divergence amidst a potential bull flag building in price
-layer 1 PoW building layer 2 solutions to compete with blue chip PoS competitors like ETH
-no pre allocation, strong solo mining community/developer...
XRP needs to recover above .72 cents on the hourly time frame to re-ignite bullish impetus towards. .8500 / We like stop entries above .72 with stops below .60 for renewed attempts at breaching important resistance near the ruling high of .9300
bloomberg reporting that shanghai is emerging from lockdown / think this is a good risk reward spot to buy china tech. starting 27.39 and add on closing channel break... raise stops if impulsive move higher happens. stops below 25.50..
Short USDJPY. Ugly close in equities today, bond shorts smashed, and USDJPY breaking out of this four figure range we've been in (more or less) for the past three months. Stop here is tricky, but I'll use 112.10 as an indication I'm wrong.
On watch for potential med term top based on measured targets from the 2009 bottom, 2014 breakout. Multiple Fed hikes and political risk stemming from the Trump admin add weight to this view that stocks are approaching interesting levels for shorts. I'm waiting for one final push to shake out any weak hands on the short side before looking to sell in front of 2450.
