Hi,
A this moment XRPEUR is in a symetrical wedge.This pattern could be bullish or bearish.
I guess an Elliot wave has taking form and the third elliot wave is forming at this very moment.
So i'm expecting a huge resistance at 0.66. The first scenario (red) will drop XRPEUR, probably to the support at 0.50.
The second scenario, more optimistic will continue the uptrend to 0.90.
Sell : 0.65
Sell : 0.90
Stop loss : 0.53
thanks for your feedbacks !
A this moment XRPEUR is in a symetrical wedge.This pattern could be bullish or bearish.
I guess an Elliot wave has taking form and the third elliot wave is forming at this very moment.
So i'm expecting a huge resistance at 0.66. The first scenario (red) will drop XRPEUR, probably to the support at 0.50.
The second scenario, more optimistic will continue the uptrend to 0.90.
Sell : 0.65
Sell : 0.90
Stop loss : 0.53
thanks for your feedbacks !
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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.