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XRP
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XRPUSD Can break the downtrend channel ???

By vr_shabanian
Updated
XRPUSD

After the impulse in daily time frame and make a correction to 50% in fib Retracement ,
we can expect the price Can break the downtrend channel and make a higher high in next week.
Then if the market shift from the bearish to bullish we can make a long position.

What do you think???

ENTRY PRICE= 1.66180
T/P = 2.09820
S/L = 1.51630

Risk/Reward Ratio : 3.00
Order cancelled
As luck would have it; the idea and the position that suggests by this idea, failed before start. because of some fake news about U.S. decision to control the transactions of cryptocurrencies or some other.
Now I think the market is like a "minefield".
from now until Tomorrow I suggest you be patient and wait to see the market reactions when the financial markets will open in monday morning.
good luck.
architradesBeyond Technical AnalysisimpulsecorrectioncontinuationiraniantradersmultitimeframeanalysisParallel Channelparvast_traderspersianswingtradingTrend Analysisxrpusdbuyxrpusdlong

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