Short or long on XRP

We can try another triangle play on XRP like we did a few days ago. I would wait for a break of one of those levels, wait for a good retest and when it goes towards the right direction again, short or long it, like at the yellow circle. When entering, use the other res box as stop level. And move the stop when it goes further in the right direction. From the looks of and Bitcoin, will probably be a drop, but best to wait for the play i described above

Kommentera:

Here we see that playing it safe is sometimes the better play, even thought it doesn't give the best entry. Everything looked that we would go down, but eventually Bitcoin followed that fractal i showed and moved up again. Ping ponging the shit out of everyone again.
It's a bit difficult to say what the target is, but i see those 2 yellow targets. For the ones who are in the who went long, i would close 25%/50% here and let the rest ride with a trail stop and try to catch those 2 targets. It's weekend, with Saturday being the worst day of all.
If your not in already, you've missed it, don't chase it and wait for a new trade.

Kommentera:

The first yellow target has been reached, it is still possible the second one will get reached as well. But volume is not great, so i hope you already took some profit here.

I would use the second green as a stop level now