LONG
- XRP set swing low the other day, has now started setting higher lows- indicating consolidation and trend reversal
- peak volume shows end of short term price movement south (a few days ago)
- Downtrend line broken with increasing BULL volume
- Looks like the price action will breakout, retest the trend line, and then continue in same direction forming a cup and handle
Add Qty on Retest of downtrend line approximately 0.000122
TP1 0.000143 at previous Swing High
TP2 0.000159 at next swing high
Market is questionable- BTC looks to bounce off $10K and starting to form higher lows on the short time frame. Most Altcoins have been following BTC. If BTC starts moving north- short term gains on most coins.
No indicators included this time- back to basics Support/resistance and volume.
Cut Losses Quick- especially in a emotional and unstable market. Good Luck
- XRP set swing low the other day, has now started setting higher lows- indicating consolidation and trend reversal
- peak volume shows end of short term price movement south (a few days ago)
- Downtrend line broken with increasing BULL volume
- Looks like the price action will breakout, retest the trend line, and then continue in same direction forming a cup and handle
Add Qty on Retest of downtrend line approximately 0.000122
TP1 0.000143 at previous Swing High
TP2 0.000159 at next swing high
Market is questionable- BTC looks to bounce off $10K and starting to form higher lows on the short time frame. Most Altcoins have been following BTC. If BTC starts moving north- short term gains on most coins.
No indicators included this time- back to basics Support/resistance and volume.
Cut Losses Quick- especially in a emotional and unstable market. Good Luck
Trade active:
3 bounces in order book
Even margin at 0.00012103
Even margin at 0.00012103