Hypothetical XRP swing trade setup.
XRP has formed a nice bullish symmetrical triangle on the 12 hour timeframe.
This is very bullish in the sense that it has held the formation & just bounced off of the 61.8% fib retracement (price zone 2) from the first impulse & retrace.
From the second impulse & retrace to (price zone 4) it has just bounced off of the 38.2% fib retracement.
Wait for confirmation of the breakout around (price zone 4) & a price target of $2.89.
Not financial advice.
XRP has formed a nice bullish symmetrical triangle on the 12 hour timeframe.
This is very bullish in the sense that it has held the formation & just bounced off of the 61.8% fib retracement (price zone 2) from the first impulse & retrace.
From the second impulse & retrace to (price zone 4) it has just bounced off of the 38.2% fib retracement.
Wait for confirmation of the breakout around (price zone 4) & a price target of $2.89.
Not financial advice.