#XRP is in a strong uptrend, showing no bearish signs, and currently forming a classic AB=CD pattern on the 1-hour timeframe. This pattern is a well-known harmonic structure that often leads to a continuation of the trend!
Key Technical Insights:
🔹 AB=CD Pattern Completion: Price is approaching the 0.618 Fibonacci retracement zone.
🔹 No Bearish Signs: Momentum remains bullish, with increasing volume.
🔹 Confluence Support: The 0.618 FIB level aligns with previous demand zones, increasing the probability of a bounce.
Trading Plan:
Entry: Around the 0.618 FIB level, Price is 2.65
🔹 Targets: TP at 2.88
🔹 Stop-Loss: Below structure 0.5 FIB level, Price is 2.6
What do you think? Will #XRP respect the AB=CD pattern and continue higher? Drop your thoughts in the comments!
Like & Follow for more high-probability trade setups!
Key Technical Insights:
🔹 AB=CD Pattern Completion: Price is approaching the 0.618 Fibonacci retracement zone.
🔹 No Bearish Signs: Momentum remains bullish, with increasing volume.
🔹 Confluence Support: The 0.618 FIB level aligns with previous demand zones, increasing the probability of a bounce.
Trading Plan:
Entry: Around the 0.618 FIB level, Price is 2.65
🔹 Targets: TP at 2.88
🔹 Stop-Loss: Below structure 0.5 FIB level, Price is 2.6
What do you think? Will #XRP respect the AB=CD pattern and continue higher? Drop your thoughts in the comments!
Like & Follow for more high-probability trade setups!
Dagangan aktif
Trade is active. As I mention on the chart, XRP retest the our entry price level. Now use proper SL and wait for the TP. Dagangan ditutup: hentian tercapai
SL Hit
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.