20 oct -> Continuation pattern is completed! Will XRP rise!?
After a long period of retracement, you see that the price is now making an uptrend. You see series of higher lows and the price is above the 200 MA. Beside this, you see that the price completed a continuation pattern, which is the bullish flag. So I highly expect that XRP will rise anytime soon.
I already entered my trade at (7012). On the other hand, there are still multiple ways to enter, but remember to always check the risk/reward ratio that suits you:
- Waiting until the price gets close to the uptrend
- Waiting for a candlestick pattern
- Or you may enter any time soon, but this would be highly risky
My stop loss would be either:
- A close below the uptrend
- Or a close below the support line (69011)
My targets are the yellow areas
If you need any help with TA or explaining this, send me a DM!
DISCLAIMER: ALWAYS keep in mind! That this is NOT an investment advice, but an analysis. You can do whatever you want with this information, so trade at your own risks!
I already entered my trade at (7012). On the other hand, there are still multiple ways to enter, but remember to always check the risk/reward ratio that suits you:
- Waiting until the price gets close to the uptrend
- Waiting for a candlestick pattern
- Or you may enter any time soon, but this would be highly risky
My stop loss would be either:
- A close below the uptrend
- Or a close below the support line (69011)
My targets are the yellow areas
If you need any help with TA or explaining this, send me a DM!
DISCLAIMER: ALWAYS keep in mind! That this is NOT an investment advice, but an analysis. You can do whatever you want with this information, so trade at your own risks!
Comment:
The price is close to the uptrend! Let's see what is going to happen with XRP