XRPUSD - 1D - Cup and Handle?
Updated
Not a financial advisor. This is just for information purposes.
Currently looking at a possible Cup and Handle formation near support (from the channel developed since March) on the XRPUSD Daily.
In case it breaks the neckline, XRPUSD has a possible target near the 0.30 (high 0.29's).
I would put a stop loss below the handle. This would mean a 3:1 Risk Reward.
Currently looking at a possible Cup and Handle formation near support (from the channel developed since March) on the XRPUSD Daily.
In case it breaks the neckline, XRPUSD has a possible target near the 0.30 (high 0.29's).
I would put a stop loss below the handle. This would mean a 3:1 Risk Reward.
Note
I am not 100% certain whether this is a Cup & Handle or not. Regardless I see possible break of resistance from the previous candle closes while price is near channel support.
I say "possible break" as we need to wait about 3 hours to get the daily close.
Note
interesting move!Trade closed: target reached
Target reached.Surely there are targets above this one,
mainly looking at the top of the channel...
(Good luck)
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