XRP - Consolidation coming to an end?

Jul 3, 2017

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

Jul 3, 2017

Note

Close-up of 1H chart, seems to closing on to the date I highlighted vertically.

Jul 3, 2017

Note

If your looking for an entry it might be better to watch if we break up or down from this triangle.

Jul 3, 2017

Note

Feeling there is some further down movement to 9200-9550 area.

Jul 4, 2017

Note

Sold some XRP and buying back lower at 9200

Jul 11, 2017

Trade closed: stop reached

Bottom support broken