XRP in Ascending Triangle.
Hey! I am back with another Crypto idea this time looking at XRP.
The price of XRP is currently in ascending triangle which is a bullish pattern.
Price needs to break $0.2460, which is our current resistance, by a full 4H in order to break to $0.2520 - $0.2550 Area.
Ideal buy is on the 4H 50EMA, that is acting as a support line.
I am buying in the resistance area we are in, $0.2432 - $0.2460.
My stop loss will be hit, when the uptrend line of this ascending triangle gets broken.
Take profit area is $0.252 - $0.255 (Around 5%)
Let me know what you think about XRP!
Tibor
The price of XRP is currently in ascending triangle which is a bullish pattern.
Price needs to break $0.2460, which is our current resistance, by a full 4H in order to break to $0.2520 - $0.2550 Area.
Ideal buy is on the 4H 50EMA, that is acting as a support line.
I am buying in the resistance area we are in, $0.2432 - $0.2460.
My stop loss will be hit, when the uptrend line of this ascending triangle gets broken.
Take profit area is $0.252 - $0.255 (Around 5%)
Let me know what you think about XRP!
Tibor
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