XRP - TRIANGULATING POTENTIAL BREAKOUT AREA - CryptoManiac101
XRP / BTC TA
Here we're looking at potential breakout areas that have highest probability of a breakout occurring. If you direct your attention towards the chart you will see that most appealing area for breakout would be at liquidity zone as it's located towards the end of our downward wedge pattern and near support.
Do keep in mind that downward break is not out of the question as Bitcoin becomes less and less predictable with each day, nevertheless overall pattern is very bullish and if validates we may see minimum of 25% bounce taking us to 9500 levels.
LONG trading opportunity is available with low risk 5x leverage - 10x leverage for higher risk traders.
If you're looking to set stop loss, direct your attention towards the chart and depending on the time, map your stop loss just below the blue pattern's support line.
Here we're looking at potential breakout areas that have highest probability of a breakout occurring. If you direct your attention towards the chart you will see that most appealing area for breakout would be at liquidity zone as it's located towards the end of our downward wedge pattern and near support.
Do keep in mind that downward break is not out of the question as Bitcoin becomes less and less predictable with each day, nevertheless overall pattern is very bullish and if validates we may see minimum of 25% bounce taking us to 9500 levels.
LONG trading opportunity is available with low risk 5x leverage - 10x leverage for higher risk traders.
If you're looking to set stop loss, direct your attention towards the chart and depending on the time, map your stop loss just below the blue pattern's support line.
