$XRP/USDT 1D (Binance Futures) Descending trendline breakout

30 Tem 2021

Ripple is ranging inside a big symmetrical triangle for a whole semester now, prepare for some action!
After that rejection on 200MA, retesting the 50MA then going toward upper-line is quite probable.

Current Price= 0.7239
Buy Entry = 0.6987 - 0.6435
Take Profit= 0.8066 | 0.9297 | 1.0718
Stop Loss= 0.5578

Risk/Reward= 1:1.2 | 1:2.28 | 1:3.54
Expected Profit= +20.19% | +38.53% | +59.71%
Possible Loss= -16.88%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 months

4 Ağu 2021

İşlem aktif

First entry filled

Ripple dipping to the demand zone, it may go for 2nd entry before bouncing back, be patient!

9 Ağu 2021

İşlem kapandı: hedefe ulaştı

TP1 reached with +20.19% (1x) and +1.2R

Ripple bounced and reclaimed 200MA support, road to higher targets seems likely!
SL moved to 2nd entry (0.6435$) to secure the trade, let's be patient enough.

12 Ağu 2021

İşlem kapandı: hedefe ulaştı

TP2 reached with +34.74% (1x) and +2.28R

Ripple continued the up-trend as expected, SL updated to first entry now (0.6987$).

12 Ağu 2021

İşlem kapandı: hedefe ulaştı

TP3 was reached with +57.33% (1x) and +3.54R

Ripple perfectly hit last target before starting to retrace down, that was precise!