It seems that we are about to breakout of the second triangle pattern which XRP formed during the current bull market.
The breakout would confirm an eventual wave 5 of the current structure being formed since beginning of november 2020.
How to trade this?
Wait for breakout of the triangle towards the upside, then buy the re-test at approximately 1.17$
The targets if breakout is confirmed should be:
1) 1.37$
2) 2$
3) 4.10$ expected new ATH
If we breakdown, stop-loss will be set at approx. 1$
Hope this helps!
Happy Trading
The breakout would confirm an eventual wave 5 of the current structure being formed since beginning of november 2020.
How to trade this?
Wait for breakout of the triangle towards the upside, then buy the re-test at approximately 1.17$
The targets if breakout is confirmed should be:
1) 1.37$
2) 2$
3) 4.10$ expected new ATH
If we breakdown, stop-loss will be set at approx. 1$
Hope this helps!
Happy Trading
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