TradingView
centuo
Aug 3, 2020 12:29 PM

The XRP 2.5 years long descending triangle is about to breakout Long

XRP / US DollarPoloniex

Description

The 2.5 years long descending triangle is about to breakout on the XRPUSD monthly chart. Also, the monthly MACD exponential averages are currently crossing, signalling a bullish pattern. There are two possibilities, get a correction to $0.20 - $0.25 within the descending triangle and continue going up (to breakout later on) or breakout now the descending triangle, targeting at least $0.40 - $0.60 in the short term.
Comments
atmos
When do you expect this breakout to happen?
JohnBat
@atmos right now
atmos
@JohnBat, alright then :)
KBG86
Very important position, now.
GJMRealEstate
risk/reward looks good
More