Not a financial advisor. This is just for information purposes.
Currently looking at a possible Cup and Handle formation near support (from the channel developed since March) on the XRPUSD Daily.
In case it breaks the neckline, XRPUSD has a possible target near the 0.30 (high 0.29's).
I would put a stop loss below the handle. This would mean a 3:1 Risk Reward.
Currently looking at a possible Cup and Handle formation near support (from the channel developed since March) on the XRPUSD Daily.
In case it breaks the neckline, XRPUSD has a possible target near the 0.30 (high 0.29's).
I would put a stop loss below the handle. This would mean a 3:1 Risk Reward.
評論:
interesting move!
交易結束：目標達成:
Target reached.
Surely there are targets above this one,
mainly looking at the top of the channel...
(Good luck)
Surely there are targets above this one,
mainly looking at the top of the channel...
(Good luck)
Regardless I see possible break of resistance from the previous candle closes while price is near channel support.
I say "possible break" as we need to wait about 3 hours to get the daily close.