Ripple – Gamechanger or coffin nail?
Updated
Hello,
XRP is moving in no mans land at the moment, so I believe that we will see courses around 0.20$ in the short term. This level would be a perfect basis for a tournaround.
BUT: on the way back up there’s much resistance. The battle is decided on the sore point (please check BTC an ETH, it is similar). Either the bulls are able to break through the sore point, or XRP drops down like a stone to 0.20$ or even deeper to 0.07$ (no joke!).
What should we do with this knowledge?
I think XRP goes down to 0.20$ and turns there. Then we have to look if XRP is going up impulsive or corrective.
In the short term we have to stay steady if XRP goes down to 0.20$. If so, we have a good chance for a longtrade with target sore point. With a clever stop setting, we are able to have a look at the battle between the bulls and bears at this key-level relaxed and with popcorn in hands. If the bulls win --> run profits, if not --> take profit and place a short order (target: 0.20$ or even 0.07$).
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Take care
tgo
XRP is moving in no mans land at the moment, so I believe that we will see courses around 0.20$ in the short term. This level would be a perfect basis for a tournaround.
BUT: on the way back up there’s much resistance. The battle is decided on the sore point (please check BTC an ETH, it is similar). Either the bulls are able to break through the sore point, or XRP drops down like a stone to 0.20$ or even deeper to 0.07$ (no joke!).
What should we do with this knowledge?
I think XRP goes down to 0.20$ and turns there. Then we have to look if XRP is going up impulsive or corrective.
In the short term we have to stay steady if XRP goes down to 0.20$. If so, we have a good chance for a longtrade with target sore point. With a clever stop setting, we are able to have a look at the battle between the bulls and bears at this key-level relaxed and with popcorn in hands. If the bulls win --> run profits, if not --> take profit and place a short order (target: 0.20$ or even 0.07$).
Please leave a comment or a message, if you have any questions!
If you have any other ideas, please leave a comment here!
Take care
tgo
Trade active
Hello everyone,seems that the red-line-scenario goes as planend... ;-)
Good luck everybody!
Take care,
tgo
Note
Hello everyone,I think it is realistic that xrp is going down for a final sell-off. Ideally to 0.22. Would be a perfect entrypoint.
Take care,
tgo
Note
Hello everyone,stopped out at 0.27.
Seems that the blue line is realistic.
BUT: Be careful! If 0.22/0.21 falls, xrp will drop down to 0.16, or lower to 0.12 in the next step. Worst case: 0.07, as mentioned above.
Take care,
tgo
HK-Capital-Management
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