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JCBCrypto
Dec 16, 2017 9:48 AM

XRPUSD Trade Opportunity Long

XRP / U.S. dollarBitstamp

Description

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.

Trade active

broke out pennant formation, trade active

Comment

80 cents, 5% profit in 30 mins
Comments
C_E_
Do you believe it breaks 85 cents? It seems the 81 - 85 range is the line in the sand. May I ask what exchange to you use to trade XRP? Thanks.
KO-Kid
Sir, you are Lord.
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