weslad

Xrpusdt must watch pattern

Long
weslad Updated   
BINANCE:XRPUSDT   XRP / TetherUS
Hey guys,

Looking closely on XRP we can say its moving in triangle with similar proportions

Triangle A and Triangle B.

The idea from A shows price will likely move upside from here to test point 3 on triangle B.

Well based on this view BULL have upper hand.

We also has some other supported factors that confirmed BULL to be in control such factors includes:

1. Price break out from strong downtrend TL and it re-tested it already.
2. RSI is above 50 which shows we are in BULL territory.

In respect to this, accumulating XRP will be a wise decision.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

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Thank you.
Trade active
Trade active
Trade closed: target reached:
Just as predicted price breakout on the 3rd test on the triangle B. Those that long based on this idea should book profit and wait to re-long the triangle re-test.

Trade closed: target reached

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