XRPLong
XRP Near to Possible parabolic breakout
Updated
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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