sehinz
Long

XRPEUR : long TP @ 0.43

KRAKEN:XRPEUR   Ripple / Euro
218 2 7
XRPEUR             is stuck in a pennant with clear compression on RSI .

This setup is bullish and fibo extension shows us a target at 0.43 for now.
Comment: breakout
what do you mean, what is the actual target?
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sehinz Inv_Ufficio17
@Inv_Ufficio17, the idea was to buy the support and wait for a upside breakout to reach 0.43 on acceleration.

But it didnt happen since there was no acceleration, and worst the trend line on RSI finally broke (see the 10th on midnight), suggesting an invalidation of the pattern.
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