TradingView
Crypto_Analytics
Oct 4, 2020 7:58 AM

XRPUSD coiling up - TRADE ALERT Short

XRP / U.S. dollarBitstamp

Description

XRP is forming a horizontal triangle (blue pattern) inside its bigger falling wedge (red pattern).

I expect a breakdown out of the blue horizontal triangle by the 6th of october.
The downwards target will be the bottom of the falling wedge around $0.2117.

This would be a trade of 8 - 9%!!
Comments
transparent-fx
we can see a continuation lower, but from a monthly perspective we do have strong support, so we have to be careful
Crypto_Analytics
@transparent-fx, Yes I agree. I think a final push lower before getting a breakout higher.
More