XRPBTCAfter some consolidating price action for two days. Price has finally broken out of the consolidation zone and price went to the 9K resistance and was rejected
Since then it has retraced to the 0.618 fib level and has been holding.
We can expect a retest of the 9K resistance
Breaking the resistance is not out of the question
Go long @ 8.5K
TP: 9.4K
SL: 8.2K
Note
Since there's a bearish pattern setting up i will takae profit at 9K levelAnd will bee seeking a sell opportunity when point D is reached.
Note
Bearish Pattern that is. I Didn't specify.Trade closed manually
Took profit after indentyfing bearish bat patternTrade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.