Bullish Triangle, Big 50% upward move possible
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The price of Ripple is moving in a Bullish Triangle. When the price breaks out to the upside the target is 0.4337 which is a 54% move.
On the way up there are a few levels that might provide resistance. A potential trade could be to open a few smaller positions instead of a single larger one. Place the TPs just below the resistances. If the first TP is hit, move your SL of the remaining positions higher (at entry f.e.) to lock in profits.
If you have any questions or comments, feel free to post them!
Happy trading!
On the way up there are a few levels that might provide resistance. A potential trade could be to open a few smaller positions instead of a single larger one. Place the TPs just below the resistances. If the first TP is hit, move your SL of the remaining positions higher (at entry f.e.) to lock in profits.
If you have any questions or comments, feel free to post them!
Happy trading!
Note
Price now testing upsloping trendline.Note
Price was not able to break upsloping trendline yet
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