joeyvalentino

joeyvalentino

On this chart you can clearly see that trend has lost momentum for the time being and is ranging in consolidation. During this time i always look for divergence in the RSI to indicate a shift in trend momentum. price has also broken below the 50 EMA and also broke trend. There is also a break in the -120 on the CCI which can be considered a good indication of...

joeyvalentino

Noticed a reversal pattern forming on the 4 hr. To be completely honest i dont think this will be a long term long term trade. maybe a few days. i have stops in place just below market structure to avoid stop hunts. if the head n shoulders fails, this idea is no longer valid as XRP is currently in a well defined down trend.

joeyvalentino

Looking for price to hold below the 113.00 psych level. this would also be a pullbback to the 50 EMA as well as the Stationary 50 on the TDI... these are great secondary indicators for good pullback zones. if you want to wait for confirmation i would wait until the CCI breaks below -100. because this is such a black o white trade i would use type stops just above...

joeyvalentino

Look for this retest to around this region. company is also improving in tech field. this could cause continual growth.

joeyvalentino

pretty straight forward, probably going to take this just short of psych resistance. trailing stops to minimize risk and watching price as it approaches psychological resistance.

joeyvalentino

Shoulder support right around 2718. potential recovery as price breaks neckline at 2815. keep an eye out on the markets.

joeyvalentino

Key Resistance at 114.00 so long as price continues to reject this level, looking for price to break and retest consolidation support and begin the corrective wave pattern as price begins to weaken.

joeyvalentino

Price is obviously weakening creating lower lows and lower highs and in addition has broken key market structure with momentum. if price respects trend im taking it down to the 61.8 and then to the trend line with proper risk and trade management.

joeyvalentino

buying the bounce with tight stops right around 11.874. selling retest if setup fails.

joeyvalentino

My previous idea seems to have failed. UJ did break out of resistance right at around 112.517 and then came back with a textbook retest. playing long.

joeyvalentino

Pretty simple setup, perfect trendline test. Looking for price to respect 1 HR EMA and break the 50 EMA as this would confirm market structure for this setup. Identified TPs based off key market structure levels.

joeyvalentino

So as long as this micro trend line holds i am looking for price to come down to the 4 hr support. however if this trade fails it is just no longer valid and i would be looking for a new setup so keep a tight stop loss. if price can smash through that .45772 support with some confidence then i would start increasing my leverage forsure.

joeyvalentino

Pretty straightforward, but this would be my opinion regarding movement over the next week or 2. an idea to map out intraday setups. Orange Horizontal Lines are for key market structure levels. and honestly i might try and catch a few sells on the way down to the trendline.

joeyvalentino

Just as a possible setup for intraday plays, i noticed the 113.00 holds strong. i believe this will be hard for price to break. this would be the completion of the 5 wave and then breaking down into a head n shoulders, ABC wave pattern. like i said just as an idea to watch for as price does its thing. i would play it zone to zone. tight stops of course but be...

joeyvalentino

Basically took a fib from the swing hi to the swing lo... i like to do this in times when price has anchored and begins to range. this adds a little more vision for key levels mixed with zone to zone support and resistance price action. here is a look at what i will be sitting on. we shall see what happens.

joeyvalentino

I personally am not much of a swing trader but for those of you who enjoy intra day trading... here is an idea of what i personally think will happen or at least what it will look like. i want to see how price reacts around 113.00 for obvious reasons. price seems to face rejection here. how ever if it clears through and holds i would look to take it long to fill...

joeyvalentino

for those of you who know what pivotals are, i used that in my analysis as well. anyways. tight stops as always.

joeyvalentino

This most recent drop in price closed as a strong impulse candle breaking the daily trend line. I am expecting price to retest the trend line or at least start pulling back a bit at least out to the 1 HR 50 EMA. That would be the retest or pull back that i am looking for an easy short with perhaps increased position size. wait for price to breathe and then pull...