themdtrader

themdtrader Updated 

Again, and again the shorts seem to still be holding down Ripple, funny enough the action of the volume spike earlier this morning seems to be the shorts covering after hitting the 0.750 level. Crazy right? Again, I see a retest of that same 0.750 support level or recovery from optimistic longs for a 0.990 resistance level retest. Watch the 1.066 and 1.128 levels...

themdtrader Updated 

Price is broke out of ascending 2017 resistance, but has seen some slowing in momentum. It could consolidate here and prepare for another upward move or it could pullback. Mr. Market tells me to short for the pullback yet again. Stop at 22.00 Target at 20.84

themdtrader Updated 

Generally the wedge struggled through the whole of 2017 to breakout, and it finally did to the upside. To me, here late longs are getting trapped and the stock could have a reversal from their exit selling pressure & entering shorts. Let's see if I entered a bear trap or this is indeed a devil's advocate move; I could be totally wrong. Do as you may now Mr....

themdtrader Updated 

Price is ascending in uptrending wedge, with recent break of 13.70 resistance level. Resistance break has become weak for possible pullback. It could indeed be a strong pullback or just a small correction, but either way I am short biased here. Stop at 15.47 Target at 14.26

themdtrader Updated 

The shorts seem to still be holding down Ripple, but again I see a 1.205 retest as a resistance level, or support level test at 1.066. When market opens, with more participants, there could be a strong to push and break these levels. But again, let's wait and see. Not very clear to me at this point who will be able to take control over this ripping beast.

themdtrader Updated 

An ascending wedge has been forming since 2016, and gradually has been building up volatility as more market participants get involved. Price is very extended here, which signals for a pullback if not a strong downtrend into the lower bound of the wedge. However, I could be totally wrong and the price could shoot up strongly for a continuation. Let's see how it...

themdtrader Updated 

Strong downtrend since 2013 got broken Idea is that longs are trapped and so I'm expecting a pullback Stop at 22.75 Take profit at 20.78

themdtrader Updated 

Downward pressure seems strong but 1.205 can retest as a resistance level, or next support level test at 1.128. Targets if I were on either side of the trade. Let's wait and see.

themdtrader Updated 

Price is ascending in uptrend channel, with recent break of 12.30 level Resistance break became weak with signal for possible pullback Stop at 13.37 Target at 12.44

themdtrader Updated 

It seems Ripple has found itself in an interesting predicament. Is it going to crash or is it just suffering a strong pullback to prepare for continuation? A lot of emotion can flow if the triangle breaks either upward or downward. First significant levels to me at 1.307 and 1.205 - these would be my targets if I were on either side of the trade. For now we just...