Sirwin
Sirwin

Ripple (XRP) Has Completed Bullish Butterfly For Upto 22.5% Rally

By moon333 | moon333 | 9 Dec 2020


On 4-hour chart, the price action of XRP has completed the final leg of bullish Crab pattern and entered in a potential reversal zone. There is also 200 simple moving average support below the PRZ level.

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Buying And Sell Targets:
The buying and sell targets according to harmonic Crab pattern should be:

Potential reversal or buying zone: $0.5190 to $0.4889

Fibonacci projection or sell zone: $0.5424 to $0.5996


Stop Loss:
The potential reversal zone area that is up to $0.4889 can be used as stop loss in case of complete candlestick closes below this level.

Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 22.5% and as per the above-mentioned stop loss, the loss possibility is 5.5%.

Note: Above idea is for educational purpose only.

 

 

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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