Let me preface this with saying that I disagree with Ripp... Ah what the hell, you guys only care about money in your pockets.
Spotted a falling wedge on XRP (I've been tracking it ever since I saw that juice TD9-13-9 perfected buy setup on the 4h chart) and I think it is ready to blow up on the next bounce of the support line.
A measured move would put us around Target 2, with an average run ending at Target 1. Be sure to lock in those profits!
And set a stop loss! (my battery is running out).
Spotted a falling wedge on XRP (I've been tracking it ever since I saw that juice TD9-13-9 perfected buy setup on the 4h chart) and I think it is ready to blow up on the next bounce of the support line.
A measured move would put us around Target 2, with an average run ending at Target 1. Be sure to lock in those profits!
And set a stop loss! (my battery is running out).
Trade active
We have a breakout! Note
Please keep in mind that we might retest downtrending resistance as people that bought the local high before the last dip want to exit their positions - we do that about 75% of the time. This is a second buy opportunity for people that missed the breakout.Note
XRP Cooled down a bit after breaking out and the RSI banging it's head into the ceiling. This is why you buy at a support (purple box on the first chart) and not on a break-out. We are now consolidating into a bullish pennant:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.