The Harmonic Pattern I drew up last night ( 4 hour chart ) is stuck in between profit targets one and two. The order book on Poloniex has almost 9 million in buy orders and 6.5 million in sell orders. Is XRP setting up for another huge run? What do you think?
The books on the buy side are very thin at these price levels. I'm not entirely convinced we're done dipping.
UnknownUnicorn843992
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@Box1515, Last night we were at almost 10 million in sell orders and 6 mill in buy orders. I got in for a day trade when the buyers took over. It just so happened that there was a harmonic pattern on my charts that was confluent with the order book so I took a position intraday good for 40 cents a token.
Watch for the break above 2.9 if youre bearish. Personally I think we will stay above 2.5-2.6
Box1515
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@zahood97, I'm kicking myself for not setting an order at the $2.20 level yesterday. I had that charted as a full retrace, but thought to myself "Nah, it will never hit." And it hit exactly. Doh!
UnknownUnicorn843992
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@Box1515, we must be doing something right because I had a 2.17 entry that did hit lolol
Box1515
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@zahood97, I am keeping an eye on the 15m uptrend line and we haven't broken below it yet. A candle close at ~$2.75 would put us below it. I am a little reassured by XLM's clear resumption of its uptrend bc these 2 tend to follow each other.