I'll keep this one short. I see a good risk reward play in the XRPUSD pair.
Even played conservatively you've got a risk reward of 3:1 with a potential 23% gain.
I've drawn the bullish pennants and expect a break to the upside. The EMA's are fanning long term bullish the MACD is showing bullish divergence and the RSI has come down so there's room to run. I made a good amount of money trading XRP this year, excited to ride this train again.
I'm always waiting for a breakout to initiate the trade. A close above the triangle should confirm.
**This is my personal educated opinion for my own portfolio, use it as an educational tool but please do your own research before trading yourself**
Like it if you like it!
Please comment your questions or your opinions to talk about the trade idea.
Even played conservatively you've got a risk reward of 3:1 with a potential 23% gain.
I've drawn the bullish pennants and expect a break to the upside. The EMA's are fanning long term bullish the MACD is showing bullish divergence and the RSI has come down so there's room to run. I made a good amount of money trading XRP this year, excited to ride this train again.
I'm always waiting for a breakout to initiate the trade. A close above the triangle should confirm.
**This is my personal educated opinion for my own portfolio, use it as an educational tool but please do your own research before trading yourself**
Like it if you like it!
Please comment your questions or your opinions to talk about the trade idea.
Trade active
Trade closed: stop reached
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***