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Ripple about to break out

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The volatility compression is always followed by the volatility expansion (sooner or later). I think the XRP is going to break out of this triangle to the upside. I'm just waiting to be filled. The pattern would be invalidated when the price hits the STOPLOSS level (even if the buy stop-limit is not filled before). I will take profit in the area where last spill started, and created price gap. Cheers!

Nota

Well, it broke out the other way around, trade not triggered, and the setup is invalidated. But I'm still tracking this triangle and if Ripple will get above it, I will be looking for long positions again. Will keep you posted.

Nota

XRP finally broke out! Check the related idea for more info.

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bizmark

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