XRP Trade Idea
Wedge formation forming XRP/USD
Breakout trading of wedge formation
up - Buy order ~0.465 Stop Loss 0. 42
down - Sell order ~ 0.37 Stop Loss 0.42
** Watch for volume support if a breakout happens
XRP Gearing up for a big bull run sometime before the end of July after 16 months of Accumulation. However could breakout before would recommend setting up buy orders and stop loss as above. Also Chance of breaking down of this wedge to continue accumulation /bear market, though at this stage it doesn't seem too likely.
Breakout trading of wedge formation
up - Buy order ~0.465 Stop Loss 0. 42
down - Sell order ~ 0.37 Stop Loss 0.42
** Watch for volume support if a breakout happens
XRP Gearing up for a big bull run sometime before the end of July after 16 months of Accumulation. However could breakout before would recommend setting up buy orders and stop loss as above. Also Chance of breaking down of this wedge to continue accumulation /bear market, though at this stage it doesn't seem too likely.
Note
*** this is not information to buy or sell, only an trading idea for fun***
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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.