Trade Alert - Take Profit
Traders,
We’re 8 for the last 8 with at least 5 of those wins on XRP. I’ve watched the drop since resistance and XRP looks to be forming a shooting star candlestick pattern on the daily. Not wanting to test fate, I’ve opted to take the remaining profit here at .46 cents. We also look to be forming an “M Pattern”. This makes sense from a technical standpoint. I would like to see us go back and retest the upper side of that triangle that we recently broke out of.
Stew
P.S. - Ignore that re-entry area. Forgot to take it off of my chart. That has already been taken advantage of and I now anticipate we may drop below it.
We’re 8 for the last 8 with at least 5 of those wins on XRP. I’ve watched the drop since resistance and XRP looks to be forming a shooting star candlestick pattern on the daily. Not wanting to test fate, I’ve opted to take the remaining profit here at .46 cents. We also look to be forming an “M Pattern”. This makes sense from a technical standpoint. I would like to see us go back and retest the upper side of that triangle that we recently broke out of.
Stew
P.S. - Ignore that re-entry area. Forgot to take it off of my chart. That has already been taken advantage of and I now anticipate we may drop below it.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.