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XRP vs. USD counter trend trade, via 1-hour chartPrice broke through previous demand, pushing it down towards the 0.30580 support line, retested and broke lower towards a key level of support of 0.29030. Price rejected that support level, pushed up and bounced off previous resistance of 0.30580. Price rejected support for the second time creating a double bottom and looks like it wants to break above previous structure resistance. Let's see if it can go back into that area of supply.
BITFINEX:XRPUSDLong
by CDaley91
XRP Margin Trading Short Since the markets have been seeing alot of bullish momentum in these markets the past couple days and alot of speculation this could be the start of a bull run, even i believed it, technical analysis is telling me otherwise, I seen a great head and shoulders movement with a nice 61.8 level retest of my Fib. along side I caught the ABCD movement at "C" where my entry is for a potential push further to the downside to complete the "D" which is at 32 cents which is my take profit, SL is at .34500.
BITFINEX:XRPUSDShort
by natestayhustlin
1
XRP Buy Margin TradingWe seen a crucial manipulative spike downwards which hit my Sl earlier today, so i waited to see if 30 cents can manage to hold up,and the past couple hours it has which led me to believe the bulls are coming in. Bouncing off the 61.8 fib once again it signaling to me this is holding up and also its making a 3 pin pattern on the hourly and can see it as well on this timeframe, if we manage to break the current trendline i have onto my charts,will start seeing some huge momentum come into play. My Current postion came in at .30180 with a tight stop loss at .30 cents, my Take profit at the moment, 50 cents as before, but i dare say we can possibly begin climbing higher.
BITFINEX:XRPUSDLong
by natestayhustlin
3
XRP Buy Margin TradingXRP after a successful Short position this morning after waking up i seen the pair holding strong onto my weekly trendline support as it did a rapid spike into the 61.8 region on the fib and back to .30700, then i got into the position waiting for a restest of that trendline where the arrow is at. all in all now my bias has changed, XRP can possibly set to begin a new trend ? at the moment My entry point was at .30628, Stop Loss at .3000, and Take profit call me crazy but i can see this pair fly back up to 50 cents at least. Holding Long term, if this holds we are in for a special treat.
BITFINEX:XRPUSDLong
by natestayhustlin
XRP Sell Margin TradingXRP made a quick run to the upside retesting prior high and testing the 200ema with precision on the 2 hour timeframe, managing to close below, it signaled me for a Sell execution, Stop Loss at .3200 risking 30 PIPs with a TP at .30 roughly 170 PIPs, But i potentially see this pair possibly retesting a low of .28800 - .28 cents. If this occurs within the next few days we can see a great opportunity to enter a buy setup to possibly the moon ?
BITFINEX:XRPUSDShort
by natestayhustlin