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onchain_edge
Jan 23, 2019 12:56 PM

XRP Falling Wedge Pattern repeating? Long

Ripple / U. S. DollarKraken

Description

There seems to be a recurring bullish falling wedge setup. I have marked my accumulation zone and will place scaled buy orders there. This will partly be for long term positions and for short term trades should the pattern breakout of the wedge. Pay attention to false breakouts and don't be fooled.

First target where I will sell a bit is at 0.55$ (0.6 fib retracement)
Second target is at .78$ (1 to 1 fib retracement.

Good luck

* not financial advice
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