I have labelled the chart so that it speaks for itself. Excellent R:R ratio. I have an Open position with entry at 109 Sats. Good Luck and Happy Trading! Not financial Advise.
Just took a look at Silver for any of you guys interested in commodities. It's has broken through the long term critical support and retesting support on the .786 FIB with bullish divergence giving some confidence to open a long position with sell targets circa ~ $16 US (~4%). I expect to see price action tightening up over the next 12 months with a break out to...
Potential long set up on BTC. Waiting to see price action breach downward trend and find support on the fib. If it does i will enter long position once it breaks previous resistance with a sell target just under the next fib. Stop loss will be set just under previous resistance which is now support. There is also the potential for a inverse head and shoulders...
XRP appears to be breaking down. Short Position opened with profit taking levels identified on the fibs. As Always DYOR and happy trading! :)
Clear breakout has bought some increased volume with promising signs on the RSI. I have just opened a long position during this pullback. Sell Targets are shown at the S&R levels. I will be keeping a sharp eye on BTC as it may have a dramatic effect on how this trade plays out. As always DYOR and happy trading.
Quick BTC update! Currently performing a descending triangle which is usually a strong indication that we are going to break out on the downside with further pressure from the bears. If we do see a break to the upside WITH support confirmation. the trade i will take is on the chart for 4%. I am however, very doubtful my buy alerts will go off for this trade....
Here are my thoughts on XRP. Impulse Waves are Green and Correction Waves are Red with the thickened lines highlighting the long term over all trend. Comments Welcome! Good Luck and DYOR.