yogization

Falling Wedge pattern on XRP

Long
yogization Updated   
POLONIEX:XRPBTC   XRP / Bitcoin
Off the back of fundamental analysis indicating that Chinese exchange Yuanbao will list XRP on their exchange tomorrow, XRP is at the end of a falling wedge pattern, and the resistances and supports are squeezing together. 4HR Sars have switched, and we hit the bottom of the 4HR Keltner.

However, with consideration to Bitcoin's bull run right now, a stop-loss around the 7000-8000 range is recommended.

First published Idea, happy to receive any constructive criticism.
Comment:
Trade cancelled. Going to avoid using TA on the XRPBTC pair from now on.
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