XRP Recovery
After more than a 25% correction from it's top, which was a nice rallye from it's sub 20 cents low, XRP should recover a bit from here.
As shown, the gann supports match witch fib retracements and should lead into a bullish reversal.
Favoring this setup - Entries laddered between $0.232 and $0.224
Stop loss is placed under $0.22 and the upside target is the top of the second last candle, which matches the major resistance from the current downtrend.
R:R = 4 - Risk = 2%
As shown, the gann supports match witch fib retracements and should lead into a bullish reversal.
Favoring this setup - Entries laddered between $0.232 and $0.224
Stop loss is placed under $0.22 and the upside target is the top of the second last candle, which matches the major resistance from the current downtrend.
R:R = 4 - Risk = 2%
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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.
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.