Ripple could be due a 20% scalp?!
Lets look at the facts
~The market is on the brink of reversing.
~XRP has broken a downwards channel relatively strong, need one more candle for confirmation for gains.
~Falling back into the channel could mean the price will continue to fall for longer if market doesn't reverse.
~FIB retracement shows we could get around 30% retracement as a safe sell on confirmation, the 38.2% would be my target to take profits at, and then potentially just above for those who want to wait the pattern out.
~Volume could resume picking up.
The dashed lines are price targets, orange channel is the bear channel XRP has been stuck in.
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions do not hold me accountable.
If you liked this short post, be sure to follow and like.
~Xander
Lets look at the facts
~The market is on the brink of reversing.
~XRP has broken a downwards channel relatively strong, need one more candle for confirmation for gains.
~Falling back into the channel could mean the price will continue to fall for longer if market doesn't reverse.
~FIB retracement shows we could get around 30% retracement as a safe sell on confirmation, the 38.2% would be my target to take profits at, and then potentially just above for those who want to wait the pattern out.
~Volume could resume picking up.
The dashed lines are price targets, orange channel is the bear channel XRP has been stuck in.
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions do not hold me accountable.
If you liked this short post, be sure to follow and like.
~Xander
İşlem kapandı: hedefe ulaştı
Hope you enjoyed the 25% lads. <3
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.