XRPUSDT
4H trend chart
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XRP is consolidating for a while, and forming a big triangle.
Price is approaching to the end of triangle pattern now.
But should notice in 1H time frame, there are 2 traps during consolidation.
If price can break out the downtrend line w/o long upper shadow line, trading strategy.
-
Profit Targets:
a) 1.2308----Fib(1)
b) 1.3321~1.3731----Fib(1.272~1.382)
c) 1.4171----Fib(1.5)
Stop losses:
a) 1.0340-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
4H trend chart
-
XRP is consolidating for a while, and forming a big triangle.
Price is approaching to the end of triangle pattern now.
But should notice in 1H time frame, there are 2 traps during consolidation.
If price can break out the downtrend line w/o long upper shadow line, trading strategy.
-
Profit Targets:
a) 1.2308----Fib(1)
b) 1.3321~1.3731----Fib(1.272~1.382)
c) 1.4171----Fib(1.5)
Stop losses:
a) 1.0340-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)