Hi dear partons, hope you are well and welcome to the new update on XRP coin.
On the long-term weekly time frame chart, the priceline of XRP has completed the final leg of the bullish Garltey pattern and entered the potential reversal zone. There are 50 SMA and 100 simple moving average supports in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: $0.3722 to $0.2586
Fibonacci projection or sell zone: $0.4616 to $0.6762
Stop loss:
The maximum extent of potential reversal zone to $0.2586 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 161%, and the loss possibility is 31%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the long-term weekly time frame chart, the priceline of XRP has completed the final leg of the bullish Garltey pattern and entered the potential reversal zone. There are 50 SMA and 100 simple moving average supports in the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: $0.3722 to $0.2586
Fibonacci projection or sell zone: $0.4616 to $0.6762
Stop loss:
The maximum extent of potential reversal zone to $0.2586 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 161%, and the loss possibility is 31%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.