Re-visit of XRP Traingle continuation pattern
Good day fellow traders,
Last week I posted about XRP and a potential setup, warning for more confirmation needed and, BTC price action:
for more information about XRP.
Overall, I am still Bullish on XRP and seems to be in a nice triangle set-up that will soon test the resistance at the $1.95 area. Obviously, BTC can always impact a trade, but XRP held up fairly strong and didn't lose its momentum. This is confirmed by the strong recovery of XRP during the BTC bearish momentum and correction.
If we are able to break the S1.95 resistance, higher targets can be reached as indicated on the chart, with a long shot at testing previous ATH.
Support levels are at $1.30 with a swing low support at $1.18 area. Entry on those levels is still a probability as XRP still might need some days to start with the continuation of its pattern.
As always trade safely and be aware.
Look at the levels at all times, this is not financial advice.
Good luck to you all
Last week I posted about XRP and a potential setup, warning for more confirmation needed and, BTC price action:
Overall, I am still Bullish on XRP and seems to be in a nice triangle set-up that will soon test the resistance at the $1.95 area. Obviously, BTC can always impact a trade, but XRP held up fairly strong and didn't lose its momentum. This is confirmed by the strong recovery of XRP during the BTC bearish momentum and correction.
If we are able to break the S1.95 resistance, higher targets can be reached as indicated on the chart, with a long shot at testing previous ATH.
Support levels are at $1.30 with a swing low support at $1.18 area. Entry on those levels is still a probability as XRP still might need some days to start with the continuation of its pattern.
As always trade safely and be aware.
Look at the levels at all times, this is not financial advice.
Good luck to you all
Kommentera:
Kommentera:
Holding strong a small box, minor timeframe so be aware. But it does confirm to a degree the earlier told story of potential bullish momentum. We have enough buyers atm!! Consolidation box