XRPUSD awaiting trendline break for bull continuation
Updated
XRPUSD awaiting trendline break for next bullish movement.
We can see that XRP is struggling in the box range which u can see. We saw one breakout and then again ranging.
When we leave the false breakout of the box, we can see clear trendline, which we need to break before next buy impulse leg.
As you can see, we saw first leg up, then retrace to 0.61-0.786 Fib Price Reversal zone and then heading slightly back to buys, but we need to wait
for next confirmation of breaking the trendline.
First Upside target would be top of the box (0.39800) and second is pretty big resistance, which hold the huge spike (0.43500).
Wait for clear break of trendline before going longs. Of course i will update this idea.
We can see that XRP is struggling in the box range which u can see. We saw one breakout and then again ranging.
When we leave the false breakout of the box, we can see clear trendline, which we need to break before next buy impulse leg.
As you can see, we saw first leg up, then retrace to 0.61-0.786 Fib Price Reversal zone and then heading slightly back to buys, but we need to wait
for next confirmation of breaking the trendline.
First Upside target would be top of the box (0.39800) and second is pretty big resistance, which hold the huge spike (0.43500).
Wait for clear break of trendline before going longs. Of course i will update this idea.
Note
Ripple is squeezing up in triangle, where to go? We'll seeNote
awaiting trendline break soon.Note
Awaiting break of 0.38000 --> Targeting 0.40000Trade closed: target reached
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