XRPUSDT - Entry timing in the Triangle!
XRPUSDT4H trend chart
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With a downtrend line and long-term support zone, XRP is forming a triangle.
Now we are approaching to the end of it.
If price can take out the upper downtrend line, trading strategy as below.
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Profit Targets:
a)1.2308----Fib(1)
b)1.3244~1.3623----Fib(1.272~1.382)
c)1.4029-----Fib(1.5)
Stop losses:
a)1.0500-----Red horizontal line
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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.