XRPUSDT Binance Analysis
Updated
It's been a long time since I have not publishing my ideas about technical analysis. So here we go, at the moment I've seen a potential ascending triangle which indicate some bearish pressure. On the indicator side, I've also seen that the stochastic is creating a bearish divergence. Neutral is the most wise choice for now, but if you're a scalper it doesn't really matter if you want to trade alongside the incoming pattern (ascending triangle).
For a swing trader, I suggest you to wait for a while until the price reach at least the resistance zone, or even break the trend line for the pattern for confirmation. After the break, I hope the price will come to my target at least $0.97.
Hope this idea can help, be wise, trade with your own risk and use proper RR to protect your own equity.
DISCLAIMER
This is not a trading advice, just want to give you some idea that maybe can help. Trade wisely, trading come with a high risk.
For a swing trader, I suggest you to wait for a while until the price reach at least the resistance zone, or even break the trend line for the pattern for confirmation. After the break, I hope the price will come to my target at least $0.97.
Hope this idea can help, be wise, trade with your own risk and use proper RR to protect your own equity.
DISCLAIMER
This is not a trading advice, just want to give you some idea that maybe can help. Trade wisely, trading come with a high risk.
Trade closed: target reached
Disclaimer
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