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Lucid TA @Lucid_TA
, 6 tweets, 2 min read Read on Twitter
Looking at a potential long on $XRP.

Basic entry strategy is as pictured. Potential for early entry in the yellow zone with a fairly tight stop. This initial entry would be treated as a semi-scalp, I'd look to take profit early and move stop lose to new base price.
On the other hand, setup confirmation and proper entry comes if/when the bold green line is broken.
Part of the reason I'm looking at XRP particularly is due to the fact that it over-performed relative to the rest of the market off the lows, and has underperformed thereafter. If historical trends continue, then XRP is likely to outperform the market if we get another leg up.
It's also worth noting that XRP has broken through a prior resistance trend line that has now turned support. Macro view is shown in previous picture, micro view is shown here.
Another thing to note is that if the setup breaks to the upside, the 10 and 20 EMA's would cross. 10/20 crosses have served as a powerful swing signal in recent history (evidenced on the chart).
That's a basic overview of the primary long trade I'm looking at right now. I'm also looking at a potential short on $ETH. Recent upswing just missed my early entry asks at $303 - $305 which was unfortunate.

Will update with targets if setup confirms.
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