Broke out of combo pennant IH&S pattern after violating resistance/neckline once and then retesting right shoulder/apex level of pennant. I'm already long from lower levels, but I added at .9 during the retest. If you're late to the game here, you may or may not get another 'confirmation'- XRP is pretty sassy.
Targets for each pattern manifesting completely are where the color-coded lines end on the upside.
My target boxes are always a ladder-out zone.
Mind the fib.
Measure twice, cut once.
May all of life's treasures be yours.
Targets for each pattern manifesting completely are where the color-coded lines end on the upside.
My target boxes are always a ladder-out zone.
Mind the fib.
Measure twice, cut once.
May all of life's treasures be yours.
Note
Hope you all caught your confirmation buy <3Note
Making nice progress toward our target. I'm off to enjoy the beautiful day outside soon.Little Narrative Piece:
I have been asked how I ladder in my take profit orders. In this particular case, it's the bottom of the box, the fib in the center of the box, and the top of the box. In a perfect world, these levels will all be hit perfectly but the likelihood of that, even for the best analyst, is low. Monitor for strength and take more profit early if you want to reduce risk. Raise stop loss as price climbs to reduce risk even more, though this approach can potentially push you out of the line to take more profits higher.
Since I made some scalps on this coin over the last week in preparation for a bigger rally, my risk to reward ratio is pretty high. Everyone's situation is different and you have to establish your own strategies based on goals and stress tolerance.
Make it a great day while I'm away!
Note
Whelp....I’m just getting back to the chart now. I see BTC took down the majority of the market today, painting a menacing double top on XRP. We are down around entry now, for anyone who is still in and wants to play safe, this is a quiet exit point. I’m still holding in profit but may close soon and wait for a better entry if this takes too long to move.
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.
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.