Trader_Blake

XRPUSD Short Idea

Short
XRPUSD is looking a lot like BTCUSD right now. On the daily you can see a Rising wedge continuation. Break it down to 4hr and see the expanding triangle pattern. This particular pattern is a bit different then the others. It has one side that has more of a slope than the other so price should go in the direction of that "stronger" side. It seems price has broken from the patterns from this pair already as well, there's also a regular bullish divergence marked in green on the RSI just like on BTCUSD This could also potentially be a big move so be patient with your entry.

ALWAYS USE PROPER RISK MANAGEMENT THIS CHART IS VERY VOLATILE AND WILL CRUSH YOUR SPIRIT
PLEASE GIVE A LIKE AND FOLLOW FOR MORE IDEAS USING BASIC PRICE ACTION METHODS! DM ME IF YOU WOULD LIKE TO TAKE YOUR EDUCATION TO THE NEXT LEVEL WITH MY KEEP IT SIMPLE METHOD.
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