XRP forming inverse H&S, possible 12% gain

23 Şub 2018

XRP is starting to form an inverse H&S. We can set the stop loss really tight here because if it fails to bounce off the support line, the H&S fails. Possible extension to previous levels above $1.00.

23 Şub 2018

Not

There are some previous support levels around 0.87, so may want to move stop-loss a bit lower to around 0.865. If it breaks that, it will most likely continue freefall to 0.80. Entry at around 0.90, I'm thinking a trailing-stop of 0.03 arm after entering position at bottom of right shoulder triggered at 0.93 to mitigate risk.

23 Şub 2018

Not

XRP is now halfway down the shoulder, we want to wait for a bounce off of that bottom right shoulder though. If there is no bounce, there is no trade.

24 Şub 2018

İşlem aktif

A day late, but hit the right shoulder target! Hung around that shoulder support for a candle or two and then some buying. Trade is active.