Trade Alert
You can probably say that the bigger the squeeze - the stronger the breakout will be.
We continue to monitor this crypto closely, as it is building up nicely for a potential trade.
A break through the upper side of the triangle could open the path towards the psychological $1.00 mark, a break of which, could drive this crypto towards the $1.20 level.
If the break happens through the bottom side of the triangle, then keep a close eye on the $0.45 - $0.50 range. A break below that and some strong selling could send Ripple towards the $0.20 mark.
Don't forget your stops.
You can probably say that the bigger the squeeze - the stronger the breakout will be.
We continue to monitor this crypto closely, as it is building up nicely for a potential trade.
A break through the upper side of the triangle could open the path towards the psychological $1.00 mark, a break of which, could drive this crypto towards the $1.20 level.
If the break happens through the bottom side of the triangle, then keep a close eye on the $0.45 - $0.50 range. A break below that and some strong selling could send Ripple towards the $0.20 mark.
Don't forget your stops.