XRP / TetherUSShort
Rising Wedge (12H timeframe)
Hi there,
I am posting my updated analysis onXRPUSDT, it appears that the chart has formed a rising wedge on near enough every timeframe. These include; 2H, 3H, 4H, 6H, 8H, 12H, 1D.
If this pattern confirms and breaks down from the rising wedge we're looking at the following targets for taking profit.
TP1: $2.16
TP2: $2.08
TP3: $1.96
TP4: $1.82
I believe the recent 'breakout' of the symmetrical triangle isn't a break out whatsoever, I think something else is happening here. There was no reason for todays pump. No major news no nothing. This seems to be a fake out.
A reversal doji formed on 2H and 3H signalling a reversal down to the triangles previous resistance, if it retests and re-enters the triangle these targets are possible.
I have entered my short position on the green line, TPs are labelled.
I am posting my updated analysis on
XRPUSDT, it appears that the chart has formed a rising wedge on near enough every timeframe. These include; 2H, 3H, 4H, 6H, 8H, 12H, 1D.If this pattern confirms and breaks down from the rising wedge we're looking at the following targets for taking profit.
TP1: $2.16
TP2: $2.08
TP3: $1.96
TP4: $1.82
I believe the recent 'breakout' of the symmetrical triangle isn't a break out whatsoever, I think something else is happening here. There was no reason for todays pump. No major news no nothing. This seems to be a fake out.
A reversal doji formed on 2H and 3H signalling a reversal down to the triangles previous resistance, if it retests and re-enters the triangle these targets are possible.
I have entered my short position on the green line, TPs are labelled.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.