Hi traders!
I believe Ripple is about to go very long. On the 4H chart (left), we can see that we’ve started an up trend and on the 1H chart (right), we can see that the bullish movement is going to continue. We’re currently facing an ascending triangle formation but price has just broken above the triangle's resistance line and I’m waiting to see if it can stay above.
As well as this, we’re also in the middle of a very major support & resistance zone – as you can see on the 4H chart on the left. When this zone is broken out of we can expect to reach my first take profit level, hopefully followed by TP2 and TP3 soon after.
I'll update when I have gathered more information - stay tuned.
Happy trading!
**Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people who are after some knowledge of what could happen. You should conduct your own analysis and research to build up your own predictions**
- Reiss
I believe Ripple is about to go very long. On the 4H chart (left), we can see that we’ve started an up trend and on the 1H chart (right), we can see that the bullish movement is going to continue. We’re currently facing an ascending triangle formation but price has just broken above the triangle's resistance line and I’m waiting to see if it can stay above.
As well as this, we’re also in the middle of a very major support & resistance zone – as you can see on the 4H chart on the left. When this zone is broken out of we can expect to reach my first take profit level, hopefully followed by TP2 and TP3 soon after.
I'll update when I have gathered more information - stay tuned.
Happy trading!
**Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people who are after some knowledge of what could happen. You should conduct your own analysis and research to build up your own predictions**
- Reiss