XRP - Drop It Low! Wash Rinse Rise!

Picking up where I left off from my previous markup that I have attached

Taking a closer look on the Daily I am seeing some great price action

Target 1 - .3687

Target 2 - .1679

I have laid out a roadmap for Target 1 & Target 2

I am looking forward to XRP washing out the non-believers

I plan on goin ALL IN on XRP even below Target 2 but that level is a secret :)

Note

I shorted @ .4560

Target 1 Inbound

Note

SL HIT!!! Will look for re entry tomorrow (sun) or monday

Note

I wasn't able to catch my re entry on the short BUT I am glad my analysis is playing out :) Once we hit my targets I will do another follow up analysis for the BULL RUN

Note

With the daily close I will look to short xrp and will update with my entry

I believe that was a fake pump to trap traders long

They will retest with another pullback before dropping off

Note

I longed XRP @.5039 in the meantime while i wait for my short entry

They have extended the trap move a lot longer than expected but my target has NOT changed!

We are headed DOWN :)

Note

Closed my LONG from .5039 at 5739 for a 700 pip move to start the week

Note

TIMBER! LET THE PARTY BEGIN!!! WILL BE LOOKING TO ENTER SHORTS ON PULLBACKS ALL THE WAY DOWN :)

Note

Well it looks like XRP wanted to go back and trap traders LONG again so I will actually be looking for shorts on this pullback and will update with my entry

They may start the short over the weekend of they may hold until monday :)

Note

So while I wait for the short I decided to enter a LONG on XRP @ .54648 and will ride this up into the SHORT because I trade BOTH WAYS

From the looks of it could be a 500 pip move :)

Note

Added another LONG to XRP @ .55023 :)

Note

I am still HODLing my longs! I am looking to close them during london session or new york session.

I am going to SHORT once the setup appears

Note

TAKE PROFIT set @ .58644 the current daily high! Once my take profit is hit i will be looking for shorts :)

UnknownUnicorn15190775

Related publications

XRP Punishes Buyers Before Bull Run

by UnknownUnicorn15190775

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.