We see a very popular bullish pennant.
Target is based on size relative to uptrend, which is generally synonymous to breakout.
We will wait for a breakout of pennant resistance to the upside and use that as bullish confirmation to enter trade as we do not mind missing 5-10% gain to lower risk greatly.
There has been news of Coinbase listing XRP, and seeing that this is the cheapest coin, most retail investors will be biased towards this and think it has the most room to grow, disregarding for a simple economical analysis showing the amount of coins in circulation.
Target is based on size relative to uptrend, which is generally synonymous to breakout.
We will wait for a breakout of pennant resistance to the upside and use that as bullish confirmation to enter trade as we do not mind missing 5-10% gain to lower risk greatly.
There has been news of Coinbase listing XRP, and seeing that this is the cheapest coin, most retail investors will be biased towards this and think it has the most room to grow, disregarding for a simple economical analysis showing the amount of coins in circulation.
Trade active:
broke out pennant formation, trade active
Comment:
80 cents, 5% profit in 30 mins