XRP - Consolidation coming to an end?
I will be opening a long position from this point, the Risk/Reward ratio is good and if it drops below then it was a good opportunity. Consolidation can break up early or take longer.
Support:
7400 - Very strong
9200 - Strong
9800 - Good
Resistance at:
12000/12300 - Should be first target point to be reached.
13000 - Decent Resistance, wise point to short some here
14500 - Strong resistance
16000 - Very strong resistance
Some significant dates of long-term bullish/bearish crossovers:
7 July (Long-term golden line support cross with red resistance in 0.382 which is also support).
12 July - 13 July Outer cup support should kick in.
Note: I'm not responsible for any profits or losses, neither am I an professional advisor. You can follow my trades if you like them, wish you (and me :D) good luck with all the trades!
If you would like to donate (BTC): 1EoQaEWnfvY2myGdjcjd7nZsAn5UzFkPxt
TheTrex
Support:
7400 - Very strong
9200 - Strong
9800 - Good
Resistance at:
12000/12300 - Should be first target point to be reached.
13000 - Decent Resistance, wise point to short some here
14500 - Strong resistance
16000 - Very strong resistance
Some significant dates of long-term bullish/bearish crossovers:
7 July (Long-term golden line support cross with red resistance in 0.382 which is also support).
12 July - 13 July Outer cup support should kick in.
Note: I'm not responsible for any profits or losses, neither am I an professional advisor. You can follow my trades if you like them, wish you (and me :D) good luck with all the trades!
If you would like to donate (BTC): 1EoQaEWnfvY2myGdjcjd7nZsAn5UzFkPxt
TheTrex
Nota
Close-up of 1H chart, seems to closing on to the date I highlighted vertically. Nota
If your looking for an entry it might be better to watch if we break up or down from this triangle.Nota
Feeling there is some further down movement to 9200-9550 area.Nota
Sold some XRP and buying back lower at 9200Trade chiuso: stop raggiunto
Bottom support broken
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.