XRP to the Moon!
XRP is already up over 100% since breakout and has formed a beautiful bullish pennant .
The bottom of the pennant has been my accumulation zone, as this provides a very tight stop loss.
I am in hopes that XRP breaks the top of the pennant here shortly.
Instead of using a break in the accululation zone as my stop loss, I plan to use a break through .72. This is because I believe a fake out is likely right before the pump. Just like on the daily chart I have shown below.
IF we ever then break upward through the downward trendline, I plan to double up on my position.
First Major Target is set at $1-1.1
IF we break my stop loss I will look to re-accumulate around .6
Minor Resistance levels are also shown above.
I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
The bottom of the pennant has been my accumulation zone, as this provides a very tight stop loss.
I am in hopes that XRP breaks the top of the pennant here shortly.
Instead of using a break in the accululation zone as my stop loss, I plan to use a break through .72. This is because I believe a fake out is likely right before the pump. Just like on the daily chart I have shown below.
IF we ever then break upward through the downward trendline, I plan to double up on my position.
First Major Target is set at $1-1.1
IF we break my stop loss I will look to re-accumulate around .6
Minor Resistance levels are also shown above.
I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Note
Pennant Extended. Original stop of .72 still in place. Trade closed: stop reached
Trade active
Breakouts on both USD & BTC pair.I expect some action.
Note
possible entry: break and close above .75Note
lets hope the time has come :D
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.