Ripple USD Trading points to consider 2 - Long and Short
Still watching.
Trend shown weakness, Bitcoin crash following a rejected breakout caused a flash crash throughout the Crypto sphere (very common).
Hope this will not be a catalyst that will lead to a bearish reversal.
Happy to open a short if the opportunity shows itself,.
Trend shown weakness, Bitcoin crash following a rejected breakout caused a flash crash throughout the Crypto sphere (very common).
Hope this will not be a catalyst that will lead to a bearish reversal.
Happy to open a short if the opportunity shows itself,.
Trade active:
Next option for a long position. Wait a clear breakout with a closed candle. Looking for good order books activity and increased volume, otherwise possibility of a fake-out.
Keep stop losses in check,
Next option for a long position. Wait a clear breakout with a closed candle. Looking for good order books activity and increased volume, otherwise possibility of a fake-out.
Keep stop losses in check,
Trade active:
Thinking forward a little bit and taking a look at other possibilities.
If the price doesn't hold where we are right now and a rejection is played out taking it to the $1.5 mark. A Breakdown from there would signal huge weakness and a big Head and Shoulders formation at play. Volume has died down considerably since the last week of December 2017. Great opportunity for short if that arises.
both XRP/BTC and XRP/USD showing the same chart trend.
Thinking forward a little bit and taking a look at other possibilities.
If the price doesn't hold where we are right now and a rejection is played out taking it to the $1.5 mark. A Breakdown from there would signal huge weakness and a big Head and Shoulders formation at play. Volume has died down considerably since the last week of December 2017. Great opportunity for short if that arises.
both XRP/BTC and XRP/USD showing the same chart trend.
