Hypothetical XRP swing trade setup.
XRP has formed a nice bullish symmetrical triangle on the 12 hour timeframe.
This is very bullish in the sense that it has held the formation & just bounced off of the 61.8% fib retracement (price zone 2) from the first impulse & retrace.
From the second impulse & retrace to (price zone 4) it has just bounced off of the 38.2% fib retracement.
Wait for confirmation of the breakout around (price zone 4) & a price target of $2.89.
Not financial advice.
XRP has formed a nice bullish symmetrical triangle on the 12 hour timeframe.
This is very bullish in the sense that it has held the formation & just bounced off of the 61.8% fib retracement (price zone 2) from the first impulse & retrace.
From the second impulse & retrace to (price zone 4) it has just bounced off of the 38.2% fib retracement.
Wait for confirmation of the breakout around (price zone 4) & a price target of $2.89.
Not financial advice.
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.