Hi traders,
Let's have a look at XRPUSDT chart on 1D time frame.
We can see the descending triangle pattern which is very well developed.
However, the price still respects the support so if we want to take a short position, we should wait for a successful break down.
If the break down occurs, we may wait for the price to give a bearish retest.
We determined 2 take profit levels and 1 technical target for the descending triangle pattern.
The probable path is shown on the chart.
Risk-reward ratio: 10,82
Let's have a look at XRPUSDT chart on 1D time frame.
We can see the descending triangle pattern which is very well developed.
However, the price still respects the support so if we want to take a short position, we should wait for a successful break down.
If the break down occurs, we may wait for the price to give a bearish retest.
We determined 2 take profit levels and 1 technical target for the descending triangle pattern.
The probable path is shown on the chart.
Risk-reward ratio: 10,82
💥 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.