Simple idea on XRP/USDT - Where to expect a Long Entry
Hi guys,
Here's a very basic idea on where to expect a long entry.
1. XRP/USDT it's currently in a triangle pattern so we have to wait till it breaks the triangle to see where it's really going
2. In the mean while, we can also see a bullish trend line in a small timeframe:
*Risky move: Wait till it breaks the trend line, wait for a pullback (WAIT TILL THE CANDLE CLOSES BELLOW THE TREND LINE) and place a sell order. Take profits around the base of the triangle
*Safer move: Wait till it gets in the base of the triangle to place a buy order. Take profits around 0.32
*Let me know what you think about this idea! :)
Here's a very basic idea on where to expect a long entry.
1. XRP/USDT it's currently in a triangle pattern so we have to wait till it breaks the triangle to see where it's really going
2. In the mean while, we can also see a bullish trend line in a small timeframe:
- What can we do about this?
*Risky move: Wait till it breaks the trend line, wait for a pullback (WAIT TILL THE CANDLE CLOSES BELLOW THE TREND LINE) and place a sell order. Take profits around the base of the triangle
*Safer move: Wait till it gets in the base of the triangle to place a buy order. Take profits around 0.32
*Let me know what you think about this idea! :)
Note
We have reached the bottom of the triangle, time to place a BUY order
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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.
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.