Not too sure how low XRP is going at the moment, but I am looking at two options, and will trade either depending on how it behaves once it breaks out of the
1. Descending triangle ,
2. Blue support and resistance trendlines or
3. Fibonacci level 78.6%.
Trade the breakout only
1. Descending triangle ,
2. Blue support and resistance trendlines or
3. Fibonacci level 78.6%.
Trade the breakout only
Commento:
Broken out of triangle and come back for a retest. If it goes back in, we are likely going further down. If it stays out of the triangle, we'll be going up.
Commento:
Aiming for 78.6% Fib retrace.