XRP/BTC ascending triangle

31 Ara 2018

XRP already reversed trend against BTC in September. And after a big move up had a nice correction followed by a trendline which has not been broken ever since, which is a very bullish indicator. And after testing the trendline today we had a strong bounce away from it, which makes the theory even stronger. With the current market state it's hard to predict a target but IF we manage to break out of the ascending triangle to the upside I think a very reasonable 1st price target would lay around 11800/11900 satoshis.

This is not a recommendation to buy or sell.

7 Oca 2019

Not

Trading idea invalid, we broke out to the down side.