DamianRichardson
Panjang

Updated Trade Goal Achieved,would price gift us with a pullback?

KRAKEN:XRPUSD   Ripple / Dollar
In all honesty the trade I set was never triggered, its just that bullish

Any possibility of a pullback to 1.30 or just slightly higher is fine for me but the enthusiasm is still in firm control of momentum.

But as you can tell by looking at the key profit objective it is nearly met on this time frame. The nature of this rally is subject to some pullbacks from time to time and the shallower steps back like 0.10 type of magnitude are healthy. So I set a new buy zone near the 9 period moving average for now. I don't expect it to give up that much ground, but I am surely happy that the target I set was achieved, even though I was not able to jump on THAT quickly.

What is different about this chart compared to the next one is that I stepped up the moving average to accomodate for a much closer origin of a "rally" this launch pad from yesterday is where I believe there is some settlement.

Another key observation is that ripple tends to move in 0.10 increments before pausing.

A minor setback is in my opinion is constructive as bargains are better priced and we are able to trade with the trend at the most advantageous locations.

Best

-Damian
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