Gamblers_Paradise

XRP (RIPPLE) Long Opportunity

Long
Looks to be a symmetrical triangle breakout with a retest with a bullish wick happening now. Next step is to break the overall ascending triangle we are in and then we have possible price moves up to $2. On the off chance we move back into the symm. triangle we have the hottest VPVR support point that is just under that at $0.99, so I would look for the slightly bigger bullish wick and then we above the symm. triangle with support. We also have the bottom side of the bearish order block to look to as support as well since we have worked our way almost all the way through the bearish order block on the 1HR

XRP Long Opportunity:

Buy Targets $0.99-$1.06
Take Profit Targets: $1.43/$1.55/$1.88/$1.93
Stop DCA Targets: $0.94/ $0.88/ $0.85

For those of you who trade leverage/margin:
Leverage: 10x (20x if you want more risk)
Margin: 15%-25% in Position : 75%-85% Margin 


4HR: 

1HR - Projections:
 
Trade closed: target reached

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.