Hi dear patrons, hope you are well and welcome to the new trade setup of XRP.
Our last successful XRP trade was as below:
Now on a monthly time frame, XRP has formed a bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $0.50 to $0.1013 but there is strong support at $0.17.
Sell between: $1.06 to $1.65
Stop loss: Below $$0.17., because there we have strong long-term support.
Possible profit and loss ratio:
This move can be really huge upto 870%, and a high loss possibility is 66%. Therefore, in order to minimize the risk factor we can wait for Bitcoin to breakout the wedge on the weekly time frame, and I will keep posting updates for that breakout.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Our last successful XRP trade was as below:
Now on a monthly time frame, XRP has formed a bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $0.50 to $0.1013 but there is strong support at $0.17.
Sell between: $1.06 to $1.65
Stop loss: Below $$0.17., because there we have strong long-term support.
Possible profit and loss ratio:
This move can be really huge upto 870%, and a high loss possibility is 66%. Therefore, in order to minimize the risk factor we can wait for Bitcoin to breakout the wedge on the weekly time frame, and I will keep posting updates for that breakout.
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