XRP hourly is forming a falling wedge pattern.
I expect one more touch of the support at .41$ before looking for a breakout.
Be aware that on breakout the volume needs to increase, otherwise will lack conviction and be vulnerable to failure.
Before buying wait for confirmation of the support!
BUY ZONE: 0.411$
Target1: 0.47$
Target2: 0.495$
STOPLoss: 0.39$
I expect one more touch of the support at .41$ before looking for a breakout.
Be aware that on breakout the volume needs to increase, otherwise will lack conviction and be vulnerable to failure.
Before buying wait for confirmation of the support!
BUY ZONE: 0.411$
Target1: 0.47$
Target2: 0.495$
STOPLoss: 0.39$
Trade active:
Target1 reached