nextrades
Long

Ripple Smashing Resistance (We go UP!)

BITMEX:XRPH19   None
Aloha, traders.

It appears as though Ripple/Bitcoin ( XRPH19 ) has worked its way up yet again today. It has formed an ascending triangle and as we reach the end, the breakout comes closer and closer. The MACD leaves room for this move, so stock up and prepare.

We can also notice a pennant formed by connecting the lower highs. This would suggest that the price could shoot lower or higher, based on whichever direction XRPH19 chooses at the end of the pennant (which side it breaks first). I still believe a breakout to 0.000086 to happen in coming days, though. Just keep an eye out. Stop loss at 0.0000792.

Thanks for reading, leave a like if you agree!
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