We had taken long positions before this strong rally, and reentered recently. The chart implies that
XRP might break out once more during Q2. I'm holding longs, in anticipation of this rally, and waiting to add more once we do confirm the next rally. Target is around 180% upside from here in the short term, and eventually could go as high as 0.41+-, so it will be an interesting trade if it pans out favorably.
Good luck if already long, or entering now. Keep the volatility in mind to size your trade.
Cheers,
Ivan Labrie.
Good luck if already long, or entering now. Keep the volatility in mind to size your trade.
Cheers,
Ivan Labrie.
Note
The key level for the Bank of England should obviously read 'Real-time' not feal time hehe...my bad.Note
-This does look pretty good, let's see how it develops-Note
Very strong action in s3.amazonaws.com/tradingview/snapshots/c/CxAX6XjR.png
The dip came, we added and banked that dip entry for a quick 0.21% gain.
Holding our initial entries off the lows.
Trade closed manually
Pretty nice trade.Closed for now at 0.089+-
I'll buy back on dips, or after a consolidation.
Note
Close to the target...I will bank it there for now.Note
ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/Looking to exit at 0.41+- within 2 days max.
Then I will wait to buy back after a consolidation/pullback.
Note
Note
You can see that so far I was right about the top and consolidation or correction...have to wait for it to end by June 8th approximately to enter longs again.Note
There is a quarterly uptrend active still, although we hit the uptrend target faster than normal...so it could be volatile. It was, we got a sharp correction, but now buyers stepped in. Sadly it didn't correct as expected and we didn't get a reentry signal, so for now, we stand aside and wait for a new low risk trade. Only option is long, but not before a new signal materializes. We wait for June 8th and we will monitor the charts.Note
Trade active
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.