XRPUSD: selling point D at 0.38

BITSTAMP:XRPUSD   Ripple / Dollar

On the top, XPRUSD has a potential selling position according to the HARMONIC PATTERN .

Selling position and target zone as chart shows.

For now, long trade is already on its way,

please do not follow unless you have a good entry with small STOP LOSS AND HIGH RR.

Less is more!
Komen: consider this is a corrective wave 4 right now.
Komen: need to check if this supoort is valid now.
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I was hoping for a bit more of a leg up, all my stops were hit, (in profit though)! Hopefully I can reenter a bit lower, I have high hopes for this coin. thanks for your analysis, they have been working out really well.
@cycler, thats great.
but always with stop loss. ok?
+1 Balas
I'm very new to trading cryptocurrency and trading in genaral, so i'm sorry if this is a stupid question. But I was thinking that if there's a big event coming like the swell conference, doesn't that make technical analysis unreliable, due to announcements that are made in the conference?
@bart123, the best choice is to close all trades before that , and try to enter again after.
or if you are confidient with your trades, trades with stop loss, and let the market tell you the answer, and you accept it peacefully.
Thanks Vera!
@T12103, you r welcome.
mrcgmb26 FUNTRADER-Vera
@FUNTRADER-Vera, hi vera nice chart, what fib script you use?
Thank you for your chart , can you better explain your chart - what does it mean in a non professional language - basics of trading i am new to it
@MikaNem, hello , this is a potential harmonic going to complete at D.
We need to watch if bear sign appear on D.
If so , sell it , and target is the target zone.
Hello, thanks for the info at what BTC do you recommend selling. Fully understand any information you give is mine to take as is and will not come back to you :-D.
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