About a month ago we took a look at US Oil & identified a classic reversal pattern called a head & shoulders bottom. We predicted a breakout from this level, however, there was a previous level of structure slightly above the neckline that I thought would be tested first. After nearly a month of consolidation, we've finally violated that level which allows me to...
Quick update on $XRP versus the USD.
Given price action history of the looong 2 year consolidation triangle in 2015-2017, I'm becoming increasingly convinced that XRP will rhyme with that price action and continue consolidating in a very similar triangle (as you can see in the chart) until EOY.
Will Dec 2019 be a repeat of Dec 2017? Let's see....
Nice aggressive pullback to clear buyers.
Buying at market price @ 1.69321 with
# SL 1.68988
# TP 1.70536
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
2 different entry for two different objectives, scalp and mid-term. We expect a reaction on the price level of the 19450 Satoshis and 18810.
Buy: 19450 Scalp / 18810 Mid-term
Target scalp : 20329
Target 1 MT: 22512
Target 2 MT: 24435
Target 3 MT: 28502