Nice Cup and Handle pattern here on the 30 minute chart of Ripple.
We've made a few attempts at breaking this 1.30 level, and every time we pull back, but positive volumes are strong and I think we get a break eventually, heading up to that trend line which marks the upward sloping wedge pattern's upward bounds.
Break out would take us to around 1.36 and then that trend line at around 1.40.
THE TRADE:
Long above 1.30
Profits at 161.8 Fib level at 1.36 and then 1.40 at trend line resistance.
Stop below the bullish engulfing candle at 1.24.
I would buy any pullbacks into that 1.25 level until we break it, anticipating a break out of 1.30
We've made a few attempts at breaking this 1.30 level, and every time we pull back, but positive volumes are strong and I think we get a break eventually, heading up to that trend line which marks the upward sloping wedge pattern's upward bounds.
Break out would take us to around 1.36 and then that trend line at around 1.40.
THE TRADE:
Long above 1.30
Profits at 161.8 Fib level at 1.36 and then 1.40 at trend line resistance.
Stop below the bullish engulfing candle at 1.24.
I would buy any pullbacks into that 1.25 level until we break it, anticipating a break out of 1.30
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。