schaffi2
Long

ascending triangle - should upbreak if...

COINBASE:XRPUSD   XRP / U.S. Dollar
153 views
3
... BTC plays along.
If BTC should climb as well and does not fall significantly then actually this pattern should play out and move upward.
We will see...
Trade closed: target reached: played out very well and very accurate.

The value of the triangle should bring us at about 0.36 the next days before we see a correction until about 0.32/33
Actually it will not be a real correction, it will be the handle of the cup & handle pattern we could build at 0.36.
And afterwards cup & handle should bring us up to 0.40 regions.
BUT: if there should be big moves at BTC, esp. BTC dips, then unfortunately XRP will probably dip as well and the above mentioned numbers are invalid.

AND: all of this is my personal view only, it‘s not a financial advise or a trading strategy.

Comments

Interesting view on the charts! I had not noticed this chart pattern yet.
Thank you!
+2 Reply
I like your triangle, i follow you for that.
+1 Reply
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