Not a financial advisor!
Please don't tell me that XRP is going to be delisted from Coinbase && others exchanges or that the SEC is going to win the lawsuit!
Not talking fundamentals!
And this is somehow a risky trade considering that it is against the trend.
Currently looking at a Cup && Handle formation with a possible target around the 50 cts.
Stop Loss would be depending on your risk aversion. In this case, below the cup formation.
Why? because it can make a double bottom instead of a Cup && Handle.
Risk reward above 3:1.
There is as well a huge wick from the previous drop that might indicate a good rejection of lower lows.
If Coinbase delists XRP surely the stop will be hit!!
Good luck.
Please don't tell me that XRP is going to be delisted from Coinbase && others exchanges or that the SEC is going to win the lawsuit!
Not talking fundamentals!
And this is somehow a risky trade considering that it is against the trend.
Currently looking at a Cup && Handle formation with a possible target around the 50 cts.
Stop Loss would be depending on your risk aversion. In this case, below the cup formation.
Why? because it can make a double bottom instead of a Cup && Handle.
Risk reward above 3:1.
There is as well a huge wick from the previous drop that might indicate a good rejection of lower lows.
If Coinbase delists XRP surely the stop will be hit!!
Good luck.
Comment:
Red dashed trendline broke higher...price need to close above it in 3h!
Comment:
