XRP
לונג

xrpusd forming bullish BAT for upto 13.8% move

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The previous short term idea executed successfully:

XRPUSD formed bullish Crab | Upto 22% move expected


Now again on short-term 4-hour chart, the price action of XRP is completing final leg of bullish BAT and soon it will be reached in potential reversal zone.

Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of BAT pattern should be as below:

Potential reversal or buying zone: $0.5249 to $0.5147
Sell or Fibonacci projection zone: $0.5493 to $0.5861

Stop Loss:
The potential reversal zone area that is up to $0.5147 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 13.8% and as per the above-mentioned stop loss, the loss possibility is 2%.

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

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