I don’t believe XRP will cross the previous ATH 0.21% bu is still a decent trade opportunity. Top chart includes fib, pennant and wave count. Setting SL below wave 1.
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Should stay in channel
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Not if but when?Note
It dropped out of the pennant however it has not broken previous Wave 2 retracement ( which is a good sign). SL 1.75. Note
Also it has been oversold more than once in the last couple of days.Trade closed: stop reached
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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.