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
Trade closed: target reached:
Hope you enjoyed the 25% lads. <3