XRP's bull/bear transition Pt. 16

2019年3月18日

Seeing a falling wedge pattern emerge on XRP which aligns with strong support. Be sure to use patience and risk/reward ratio in your favor which I discuss in this video- also take a look at smaller timeframes when entering trades.

Thanks for watching, and good luck!

2019年3月19日

註釋

Seeing continuation in the falling wedge, expecting price action to reach the target of .308 by the 20th or 21st.

Risk/reward ratio on this move currently as described in the image is 8.69, quite good for a short term move.

2019年3月19日

註釋

Note the overbought stoch in the bottom chart, and the attempts and failure to break through the line of resistance- the MA ribbon also is simultaneously bearish. Absolutely going down to the target, which will cause a falling wedge, resulting in a fantastic buying opportunity.

2019年3月19日

交易結束：達到停損點

That particular bearish intrabar trade didn't happen- just as well, as the market is pushing more sideways/bullish. Seeing a breakout of that bearish trend is quite positive IMO