Post Mortem Analysis and SR Observation for XRP 4 HOUR
XRP 4 HOUR - Post Mortem Analysis and SR Observation
I'd venture to say that presently, XRP has broken out of both the macro and micro Falling Wedges...
Currently it's trying to confirm a breakout from the iH&S below, which followed the Wedges. And price is just over 3% from some major resistance...
So for those who are just now paying attention; MYSELF INCLUDED;
XRP has presented 3 tiers of Breakout opportunities or long entries over the last 3 Days and 4 HOURS...
Post Mortem TA is sometimes fun, and sometimes not when you realize blatant opportunities missed. LOL!
Those would've been good plays, but I'm not doing margin trading while trying to catch up. I enjoy the challenge of random analysis to see how quickly I can recognize things. It feeds my future self. LOL!!
So for anyone who hasn't yet gotten into an XRP "margin" trade position; I would recommend analyzing surrounding SR, possibly waiting until it confirms above the $.47 cent price resistance and the 4h 200 SMA, before playing a long position using any leverage at all...
You're a spot investor DCA'ing into a long term XRP position, the above should be of no concern.
I'd venture to say that presently, XRP has broken out of both the macro and micro Falling Wedges...
Currently it's trying to confirm a breakout from the iH&S below, which followed the Wedges. And price is just over 3% from some major resistance...
So for those who are just now paying attention; MYSELF INCLUDED;
XRP has presented 3 tiers of Breakout opportunities or long entries over the last 3 Days and 4 HOURS...
Post Mortem TA is sometimes fun, and sometimes not when you realize blatant opportunities missed. LOL!
Those would've been good plays, but I'm not doing margin trading while trying to catch up. I enjoy the challenge of random analysis to see how quickly I can recognize things. It feeds my future self. LOL!!
So for anyone who hasn't yet gotten into an XRP "margin" trade position; I would recommend analyzing surrounding SR, possibly waiting until it confirms above the $.47 cent price resistance and the 4h 200 SMA, before playing a long position using any leverage at all...
You're a spot investor DCA'ing into a long term XRP position, the above should be of no concern.