XRPUSDT 4H trend chart - Price has been consolidating in a descending wedge for 3 days. Recently, it got support from Vegas tunnel_144/169ema and Support zone(pink rectangle) If price can break out this descending wedge and stand firm on 12ema(black), trading strategy as below. - Profit Targets: a) 1.2308----Fib(1) b) 1.3244~1.3623----Fib(1.272~1.382) c)1.5751-----Fib(2)
Stop losses: a) I'll update it if upper downtrend line got broken out. - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see!
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