Nilanjon1

Why do I feel like #XRP might increase in price in coming days?

Long
Nilanjon1 Updated   
BITMEX:XRPM19   None
Why do I feel like #XRP might increase in price in coming days?

  • TenkanSen & KijunSen are above Cloud. This indicates trend is positive
  • The price is above the cloud. It indicates the trend is up
  • Sendou A is rising and is above Senkou B. It indicates the uptrend is strengthening
  • The Tenkan Sen has crossed the Kijun Sen on the 6hr chart. Tenkan Sen, Kijun Sen, & price are all above the cloud. It indicates to me uptrend is on the way.

  • Parabolic SAR is already below the price. But, it is very close.

  • ADX is at 17ish. If it can crosses above 20, I am hoping some price movement will happen in either direction.

And, XRP rises, it really can rise fast and furious.
The stop loss, target and my entry is shown. This is an ongoing trade I am currently having.
The risk/reward ratio is not awesome. But hey if it works, a profit is a profit.


I am only telling my own thoughts as online education & tools only. I am not a financial advisor, nor do I hold any formal qualifications in this area.
You're trading at your own risk. No matter what you do, you are responsible for you action. Please be aware, that you can lose all your money on the online exchanges.
I am not responsible in any form or shape or way for you actions.


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