XRPUSD 4H Chart
We are getting lots of requests from people who missed our earlier trade on Ripple asking if we can get them in so they can share the profits. Joining moves late can be a very dangerous thing to do, but on this occasion it may be possible.
Much of earler analysis on XRP remains valid and can be seen on our earlier chart which is linked. The analysis was
XRP appears to have a put in a bottom bouncing off the 200EMA (Green Line) and 78.6 Fib Retracement (Overlaid). This are circled in Blue. Please note the unorthodox use of the fib tool. With the large spike tails on the bars I have used the body of the candles for Fib Extension. It’s unusual but gives a great confluence for the bottom and looks to be the way the market movers have done it.
To get those that missed in we are moving in to a 4 hour chart and the bar three back (Arrow below). The bar is a pin or low test bar testing (Hitting) the 1.07002 (The Red Horizontal Line) and the 23.6 Fib Retracement of the last move up (Overlaid), and the 50 (The Red Line).
As price hasn't gone below this bar our entry is still valid, and I think could go well as Monday traders come back to work especially later on Monday.
Stop Loss 1.0365
Targets lighten up just a little off the 200 (Green line) If it bounces back to entry from here exit at Break even
Other Targets are just before the Blue lines
1.15294 Target 1 (blue line)
1.2765 Target 2 (blue line)
To make dollars your decisions need to make sense. Don't hesitate we are right on entry
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
"Targets lighten up just a little off the 200 ema (Green line) If it bounces back to entry from here exit at Break even"
WE do love banking profits
If you have any time ( I Understand you're very busy), could you do a look at APPC before it starts wave 3? Should be a good gainer (wave 1 was great).
This is what I have so far except what I thought was wave 4, seemingly entered wave 1's territory (which is not allowed technically).
Enjoying your charts and easy going explanations.
Cheers from Australia.