XRPUSDT - Huge Bullish Ascending Triangle Forming (1h)
There is a huge bullish ascending triangle forming on XRP as you can see from the white rays . Green oval is the breakout point.
Targets are shown to help indicate where profits can be taken, however its your choice whether you want to follow them or not.
Stop losses are placed just under the triangle to help minimise loss if breakdown occurs.
Senario 1
If the candles breakout of the pennant i will be loading up my bag further with XRP.
Senario 2
If the candles breakdown out of the pennant i will be selling and minimising my stop loss.
Hope everyone appreciates my time and effort.
Please leave comments and feedback, it will be much appreciated
This is not financial advice :)
Targets are shown to help indicate where profits can be taken, however its your choice whether you want to follow them or not.
Stop losses are placed just under the triangle to help minimise loss if breakdown occurs.
Senario 1
If the candles breakout of the pennant i will be loading up my bag further with XRP.
Senario 2
If the candles breakdown out of the pennant i will be selling and minimising my stop loss.
Hope everyone appreciates my time and effort.
Please leave comments and feedback, it will be much appreciated
This is not financial advice :)
Comment:
Filled my bag up on the dip, It retracted to the golden ratio and bounced. 0.6 - 0.618.
Will rebuy on the dip.