OrianaGH

Simple idea on XRP/USDT - Where to expect a Long Entry

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hi guys,
Here's a very basic idea on where to expect a long entry.

1. XRP/USDT it's currently in a triangle pattern so we have to wait till it breaks the triangle to see where it's really going
2. In the mean while, we can also see a bullish trend line in a small timeframe:
  • What can we do about this?

Risky move: Wait till it breaks the trend line , wait for a pullback (WAIT TILL THE CANDLE CLOSES BELLOW THE TREND LINE ) and place a sell order. Take profits around the base of the triangle

Safer move: Wait till it gets in the base of the triangle to place a buy order. Take profits around 0.32

Let me know what you think about this idea! :)
Comment: We have reached the bottom of the triangle, time to place a BUY order

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