astronautdotgg
Long

XRP - Symmetrical Triangle

BITTREX:XRPBTC   XRP / Bitcoin
A lot of people are asking about XRP right now - I think this is a very hot buy along the support line. XRP is currently forming a medium term symmetrical triangle and looks like it can breakout sometime on January 1st, my buy zone is in the blue box and I have a stop loss set on the red line. I am using fibonacci levels as targets, so set targets conservatively. MACD is currently in the middle and very close, I think this will breakout in a bullish sense but always prepare for the opposite (set a stop loss!). Also bollinger bands are getting VERY tight so be prepared for some volatile movement. I don't think the XRP hype train is over yet.
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