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18 Apr 2020 17:06:28 UTC
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XRP|USD - Retraced SHORT
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We have a channel and price retraced of the higher boudary so we can go short with stop-loss above the resistace level.
If the resistance is broken then up we go
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We have a channel and price retraced of the higher boudary so we can go short with stop-loss above the resistace level.
If the resistance is broken then up we go
Follow me and leave your tip! really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
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btcusd008
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On weekly chart we have crossed the mid ling of the descending channel and currently testing the horizontal resistance zone around 7800$
That can lead us to retest of the higher boundary of the descending channel . Btw we also have a variation of the broadening wedge which is additionally bullish .
Nevertheless let's wait for the breakout before to take any actions
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Mary Trader
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ethusd001
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Price is testing the horizontal resisstance and if we have a rejection I would expect a correction to the mid line of the ascending channel and possibly lower support.
Nevertheless if we are able to fix above the horizontal then higher boundary of the channel will be retested and up we go if break it.
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ethusd007
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We got a rising wedge and it can be a good correction in case the pattern will be confirmed.
Rising wedge will be invalidated if we break the local resistance and manage to fix above
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XRP|U
xrpusd003
Greetings. Thanks for you support to my channel!
We have an ascending channel with a descending channel inside. Currently price is rejected of the higher boundary of the descending channel , though still holding the Mid Line support of the ascending channel
So if we have a breakout of the mid line we can expect the retest of the lower boundary of the ascending channel
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Mary Trader
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ETH|U
ethusd005
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Broke the Channel and possibly produced the fakeout. However it might be a fixation above, so we should go short only if price crosses back in the channel to confirm the fakeout.
Once we get a confirmation we can have a good leg down
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ethusd006
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Price retraced of the mid line of the ascending channel , also of the local support. In case price crosses the local resistance would consider a long position
Also be ready for short if we lose the mid line support
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ethusd002
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Ascending channel that was drawn previously working nice. We got a rejection of its higher boudary and now we are back below the horizontal resistance. So expecting the decline to continue
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Mary Trader
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BTC|U
btcusd001
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We bumbed into a great resistance trendline (worked as a mirror level and was good at it). So expecting to see a correction to 7110$ at least. In case we break 7110$ then 6950$ will be tested.
However if we break the resistance trendline then up we go
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ethusd003
Greetings. Thanks for you support to my channel
we have a symmetrical triangle forming and price on the lower boundary of the formation, so we might continue forming it and see a local upside.
Nevertheless it's better to go a position on the confirmed breakout of any boundary.
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Mary Trader
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