I revisited the resistance for the previous bearish trend of 2017, and found something interesting (but also frustrating, because it means we have to wait a bit longer!) I modified the resistance to represent what someone would have seen around mid August, and noticed that the piercing of that bearish trend looks a LOT like what happened when we hit .75 last...
Price action didn't go where we thought, but because we managed risk/reward well, we were able to make about 3/1 risk to reward ratio, and try again. Looking for another dip to reenter trade, likely around .37 to .40
See related video- this post is to follow along.
Looking to this week to shake off uncertainty and break bullish or bearish. Will be interesting to watch.
Overall, I expect a likely uptrend to continue following the green support. If you're currently in this trade, I would likely move my stop just beneath it to collect profit. Let me know your thoughts in the comments!
Updated continuation on previous video looking at what direction XRP might go over the next few months. Let me know your thoughts. See linked video and comments regarding the updated entry discussed in this video.
Higher highs and higher lows for XRP on the daily- will be breaking the long-standing resistance soon, which will result in another parabolic move. Let me know your thoughts.
Coming out of a bearish pattern- long BTC as the two trends collide.
Where's a decent buy in moment for XRP? Find out!
Thoughts on XRP for today, touching on last night's sell off, and where things might go from here. Let me know your thoughts.
Definite pennant for XRP on the 15m timeframe, IMO will break bullish based on price action over the past week.
Wow, just recorded XRP intrabar action on the 1m as it experienced tremendous volatility. Wild time to be involved with XRP. When we break the resistance we're dancing around now, it's off to the races.
Let me know your thoughts, I personally believe we could be seeing the beginning of a support for XRP.
Ok, so this post might seem ridiculous, but hear me out. We've seen this repeatable pattern of breaking resistance, extreme growth, and then a following consolidation and new resistance formed many times now, and it's conceivable that when we break resistance this time around, we'll see another period of extreme growth followed by consolidation and new...
As expected, XRP is coming down in price and I believe will ultimately align with the long standing support established in 2017 leading up to the boom in December. We're aligning with that price on 8/4 provided we stick with the current bearish trend, which I believe is the perfect buy set up, and lowest low we'll ever see for XRP moving forward. Based on my...
Touching diagonal support. Good opportunity for 10/1 risk to reward ratio.