Ripple enjoy massive breakout from falling wedge, and after which it retraced exactly 15.2% of the previous corrective drop from ATH at 3.31$.
After achieving this, price tends to drop for medium correction before aiming more higher.
Support and Resistance zones are stated on the chart and at same time we have potential accumulation zone where uptrend continuation will likely resume.
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
After achieving this, price tends to drop for medium correction before aiming more higher.
Support and Resistance zones are stated on the chart and at same time we have potential accumulation zone where uptrend continuation will likely resume.
Join our discussion room for more about our trading signals.
Please do click on like icon and share our idea.
Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active:
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Powerful analysis guys
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Thank You for your support, it motivates and encourage to make many more.
Kindly, LIKE, FOLLOW & COMMENT on the post
Thank You for your support, it motivates and encourage to make many more.
Trade closed: target reached:
Target 1 hit,
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Comment:
Ripple time for retracement is in, we spotted Bullish flag and pole. This should bring the price down before we see another major rise.
Trade active:
XRPUSD went as expected in accordance to my last update and I believe its time to pick some bags to ride the wave up.
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