XRP Daily Context

2020年10月22日

I can see an ascending triangle (equal highs and higher lows) and an inverse head and shoulders in the chart. Target is ~0.30.

Invalidation level would be daily candle closing below ascending triangle structure, just below .382 fib level. If this were to happen the price would re-enter the downtrend channel and the ascending triangle would be invalidated.

Very clear levels.

This is not investment advice, just my opinion about the current context.

2020年10月27日

註釋

Keeping a close eye on today's and tomorrow's closing, to see if the upward triangle is confirmed (purple line).

Personally I think we are witnessing the retest of the downtrend channel (black dashed line) after the breakout. I hope this is a new higher low, therefore I expect an upward expansion in the short term.

2020年11月26日

交易結束：目標達成

So it was. I closed it at 2.618 so I missed some profits.