andypro16
Short

CLEAR HEAD&SHOULDER target 2.3

BITSTAMP:XRPUSD   Ripple / Dollar
first target 2.56
next target 2.3
Kommentar: you are reminded to take some profit at ~$2.6
as $2.6 seems to be a strong support.
Kommentar:
FYI, $2.3 is a 0.618 retracement position measured from the previous 0.618 correction bottom to new high and also a support level observed in the chart.
Trade geschlossen: Ziel wurde erreicht: double bottom shows a great support
I have taken my profit.
Trade geschlossen: Ziel wurde erreicht: wow
Bull trap
+1 Antworten
cryptoriches tomlilley81
@tomlilley81, what is bull trap??
Antworten
tomlilley81 cryptoriches
@cryptoriches, Price comes down hits a load of orders, bombs up and creates a mini rally, sellers hold off for price to touch another resistance then sell. 2.30 by morning....
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andypro16 tomlilley81
@tomlilley81, it seems $2.6 is a good support. I will take some profit around $2.6 because ripple is a very strong cryptocurrency and it is possible to form a double bottom and continue next upward movement.
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cryptoriches tomlilley81
@tomlilley81, got it. Thank you. But this stock has its own mind and defining its own course with no respect for technicals. Hoping it will oblidge atleast this time
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tomlilley81 cryptoriches
@cryptoriches, Of course it's all speculation.
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