- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel! - As you can see we are currently at the 5th wave to the upside, which can be huge! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The coin started this uptrend by the Head and Shoulders pattern. - Target is top of the channel or 1:1 fib extension! - New all time highs are near than you think. - The volume is decreasing, which means, that a big explosive move is coming! - If you want to see more of these ideas, hit "Like" & "Follow"!
good chart however the timing is a bit complicated since BTC is at a local resistance cluster right now at 46.5k which can make it bounce back to 44k and it's historical the fact that XRP and BTC go with high correlation.
Your prognosis can happen but I'd paint this operation as somehow risky if you are planning to enter a long position
If it swings through 1.14 with energy, we could witness a breakout.
Your prognosis can happen but I'd paint this operation as somehow risky if you are planning to enter a long position
If it swings through 1.14 with energy, we could witness a breakout.