I see an asymmetrical triangle almost fully formed on the 4-Hr with volatility squeezing. This has typically led to an explosive price move; while this should be considered statistically Bullish we are in the crypto game and must be prepared for anything. I have my alerts set; if we explode north, I will sell into the frenzy at 20 percent and more if I can get it. If we explode south, I don't care, this is one of my favorite tokens and I will just accumulate; Dollar-Cost-Average on the way down. It will get to $.50 at some point this year, so I will swing trade this dog! I have added some price balloons as a reference where price may explode to when all the volatility is squeezed out, at least on the first or second move.
Outlook: Neutral to "I DON'T KNOW! I am accumulating XRP, so I am happy to go lower and happy to go higher! I have a lot, so either direction fits my trading risk profile. It is a very difficult call, so use your best judgment and seek out the best analysis to make an informed entry or exit point.
There are some overhead trendlines still intact and could be considered resistance levels. The middle price balloon is a stop loss consideration level at .32449 at the .786 Fib level. I am not a seller so it's just a reference. I feel even if there are more distribution and price stabilization, I could accumulate more XRP, even at these levels.
Good Luck,
Biff
Outlook: Neutral to "I DON'T KNOW! I am accumulating XRP, so I am happy to go lower and happy to go higher! I have a lot, so either direction fits my trading risk profile. It is a very difficult call, so use your best judgment and seek out the best analysis to make an informed entry or exit point.
There are some overhead trendlines still intact and could be considered resistance levels. The middle price balloon is a stop loss consideration level at .32449 at the .786 Fib level. I am not a seller so it's just a reference. I feel even if there are more distribution and price stabilization, I could accumulate more XRP, even at these levels.
Good Luck,
Biff
Kommentar:
If we can reach the lower price seen on the chart, I will accumulate at that price and lower, dollar-cost-average on the way down.
