XRPUSDT Forming Descending Broadening Wedge Pattern
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This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
XRP seems to be forming a descending broadening wedge pattern on the H4 time frame. This pattern is a bullish pattern which in this case is a continuity pattern from the previous trend. The entry point can be made when the price is able to break the upper trendline in the USDT 1.1522 price range, with the profit target at the USDT 1.3000 level. Stop loss area if the price breaks the USDT 1.0803 level. The risk to reward ratio given is 1:2.
This is a personal opinion, I am not responsible for your trading results.
Trade with your own risk.
XRP seems to be forming a descending broadening wedge pattern on the H4 time frame. This pattern is a bullish pattern which in this case is a continuity pattern from the previous trend. The entry point can be made when the price is able to break the upper trendline in the USDT 1.1522 price range, with the profit target at the USDT 1.3000 level. Stop loss area if the price breaks the USDT 1.0803 level. The risk to reward ratio given is 1:2.