Hello Traders!
On Ripple we got a nice trading opportunity. I will explain it to you in this analysis
Structure:
If we got a look at the current structure of Ripple, then we can see that the price is moving between 2 Trend Lines. This is a correctional move and it is a continuation pattern. Therefore I am expecting that the price will break out to the upside.
What can we see on the charts:
Well what we can see is that the price broke out of a correctional/continuation pattern and it went higher till the daily Supply Zone. There the price went down and formed again a correctional/continuation pattern. I am also expecting the price here to break out and to move to the upside. My first target would be the Support Resistance area. There we need to check out price action in order to see if we are going to break it and to move even higher. Otherwise we are going to see there some correctional moves to the downside.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
On Ripple we got a nice trading opportunity. I will explain it to you in this analysis
Structure:
If we got a look at the current structure of Ripple, then we can see that the price is moving between 2 Trend Lines. This is a correctional move and it is a continuation pattern. Therefore I am expecting that the price will break out to the upside.
What can we see on the charts:
Well what we can see is that the price broke out of a correctional/continuation pattern and it went higher till the daily Supply Zone. There the price went down and formed again a correctional/continuation pattern. I am also expecting the price here to break out and to move to the upside. My first target would be the Support Resistance area. There we need to check out price action in order to see if we are going to break it and to move even higher. Otherwise we are going to see there some correctional moves to the downside.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
Note
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.