XRPUSDT - neutral pattern
hi traders,
Since the beginning of December, XRPUSDT has been consolidating and forming the symmetrical triangle pattern.
This corrective structure may bring us more upside in the next days but as it's a neutral pattern, there's a probability that it will break down too.
How to position yourself?
1. If the price breaks to the upside, enter the long position. Target for longs: 3,40 - 3,50$.
2. If the price breaks down, bears will target the zone between 1 and 1,20 $.
In either scenario, look for the volume increase to avoid trading the false breakout.
Good luck!
Since the beginning of December, XRPUSDT has been consolidating and forming the symmetrical triangle pattern.
This corrective structure may bring us more upside in the next days but as it's a neutral pattern, there's a probability that it will break down too.
How to position yourself?
1. If the price breaks to the upside, enter the long position. Target for longs: 3,40 - 3,50$.
2. If the price breaks down, bears will target the zone between 1 and 1,20 $.
In either scenario, look for the volume increase to avoid trading the false breakout.
Good luck!
Trade active
3,50 is next
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.