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
Commento:
Close-up of 1H chart, seems to closing on to the date I highlighted vertically.
Commento:
If your looking for an entry it might be better to watch if we break up or down from this triangle.
Commento:
Feeling there is some further down movement to 9200-9550 area.
Commento:
Sold some XRP and buying back lower at 9200
Trade chiuso: stop raggiunto:
Bottom support broken