Off the back of fundamental analysis indicating that Chinese exchange Yuanbao will list XRP on their exchange tomorrow, XRP is at the end of a falling wedge pattern, and the resistances and supports are squeezing together. 4HR Sars have switched, and we hit the bottom of the 4HR Keltner.
However, with consideration to Bitcoin's bull run right now, a stop-loss around the 7000-8000 range is recommended.
First published Idea, happy to receive any constructive criticism.
評論
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Trade cancelled. Going to avoid using TA on the XRPBTC pair from now on.
Constructive criticism: I've read that coin to coin TA is garbage, especially with how erratic BTC is. People don't put much weight in TA done on a BTC pair. And it's not just you, but a ton of people do TA like this.
yogization
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@Antranik, yeah I have heard that from some peers, I usually would use TA on USDT pairs, but I spotted this and wanted to see how it'll play out. Only have a small position due to BTC's erratic behaviour, with a pretty tight stop-limit too.