XRP completed big bullish Gartley pattern for up to 195% rally
Hi dear friends, hope you are well and welcome to the new update on XRP.
On the long-term weekly time frame chart, the price action of XRP has completed the final leg of the Gartley pattern. There is also 25 simple moving average support in the buying zone and 50 SMA below the buying zone.
Buying and sell targets:
Buy between: $0.8586 to $0.5573
Sell between: $1.09 to $1.66
Stop loss:
The maximum extent of the potential reversal zone to $0.5573 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 195% and a high loss possibility of 36%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the long-term weekly time frame chart, the price action of XRP has completed the final leg of the Gartley pattern. There is also 25 simple moving average support in the buying zone and 50 SMA below the buying zone.
Buying and sell targets:
Buy between: $0.8586 to $0.5573
Sell between: $1.09 to $1.66
Stop loss:
The maximum extent of the potential reversal zone to $0.5573 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 195% and a high loss possibility of 36%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Trade closed: target reached