XRPPanjang
XRP Triangle Breakout Trade Idea #XRP
A symmetrical triangle occurs when the up and down movements of an assets price are confined to a smaller and smaller area over time. A move up isn't quite as high as the last move up, and a move down doesn't quite reach as low as the last move down. The price moves are creating lower swing highs and lower swing lows.
XRP is showing a fantastic breakout to the upside. There is 3 very strong patterns that have happened:
1-Triangle Breakout
2-A retest of the breakout
3-Bull Flag formed from the Breakout with the 3 Red Inside Candles.
How I like to trade:
Best Entry is the retest of the breakout
StopLoss: In this case, we have a Clear StopLoss below the 3 Red Candles
Targets: 1 at 50% and target 2 at the full measured move.
Happy trading.
Please support our work with like and comments.
#XRP #CRYPTO #CHARTPATTERN
XRP is showing a fantastic breakout to the upside. There is 3 very strong patterns that have happened:
1-Triangle Breakout
2-A retest of the breakout
3-Bull Flag formed from the Breakout with the 3 Red Inside Candles.
How I like to trade:
Best Entry is the retest of the breakout
StopLoss: In this case, we have a Clear StopLoss below the 3 Red Candles
Targets: 1 at 50% and target 2 at the full measured move.
Happy trading.
Please support our work with like and comments.
#XRP #CRYPTO #CHARTPATTERN
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