Watching closely here at the end of this pennant which appears to be a massive bull pennant. I was short on this until it failed to crash after such an incredible 3x run, closed the position and currently watching. Keep a close eye on those RSI patterns. Planning to buy in to any breakouts, but watch out for head-fakes.
Comment:
looking back at this quickly, I realize I had the scales set a little too similarly in both windows. here is a bit better look. a true breakout could bring the next fib extension at 0.000075, which would be consistent with the bullish XRPUSD predictions of $1-1.3 at current BTC prices.
Comment:
ripple broke down out of the pennant after a small head-fake, now waiting for retracement and pause of downwards motion before re-entering. still think we will see higher prices soon.
Comment:
watching closely here... possible bounce of 0.618 retracement, with potential breakout of RSI and reversal in Stoch RSI. Opened very small position and will add more upon confirmation of descending wedge breakout
Trade active:
Trade active:
well isn't that pretty?
Trade closed: target reached:
taking some profit here. holding a bit to see what happens next. congrats to all those who held strong.
Trade closed: target reached:
out, and building short
Trade active:
needless to say, I have not been updating this chart, but switched back to long at the bottom of the dip. will probably update with a brand new chart soon.