After reach our 157% profit target at previous analysis, we have a strong pullback at ripple.
you can see that we have bullish flag pattern perform with bad initial trend.
to follow bullish movement,
we can buy ripple at support zone (0.4934 - 0.4687),
and aim for another 89% profit target at bullish flag projection.
As u can see this projection is very strong previous resistance, so this will be a perfect target for us.
Consider this pattern failed if we have 1 full candle break down support zone,
So, you can use stoploss below 0.4687 or wait to buy back at flag leg at 0.3234 in order this pattern failed.
To understand more about this analysis and this trading plan,
you can check our daily video analysis
previous analysis :
you can see that we have bullish flag pattern perform with bad initial trend.
to follow bullish movement,
we can buy ripple at support zone (0.4934 - 0.4687),
and aim for another 89% profit target at bullish flag projection.
As u can see this projection is very strong previous resistance, so this will be a perfect target for us.
Consider this pattern failed if we have 1 full candle break down support zone,
So, you can use stoploss below 0.4687 or wait to buy back at flag leg at 0.3234 in order this pattern failed.
To understand more about this analysis and this trading plan,
you can check our daily video analysis
previous analysis :
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