$XRP/USDT 1D (Binance Futures) Symmetrical triangle breakdown

25 במאי 2021

Ripple has broken bearish and got rejected by 100EMA on the retest, more downtrend is likely for the coming weeks.

Current Price= 0.9405
Sell Entry = 0.9390 - 1.0130
Take Profit= 0.7850 | 0.6530 | 0.5350
Stop Loss= 1.1290

Risk/Reward= 1:1.25 | 1:2.11 | 1:2.88
Expected Profit= +19.57% | +33.09% | +45.18%
Possible Loss= -15.68%

Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 2 months

26 במאי 2021

עסקה פעילה

All entries filled

Ripple is trying to break inside the triangle again but let's stick to the plan.

28 במאי 2021

הערה

+13.07% (1x) from average entry

Ripple is finally showing some weakness, if you entered big you can start reducing, but targets are still in play!

31 במאי 2021

הערה

TP1 almost hit with +18.85% (1x)

Ripple missed first target by 0.0070$ then bounced back, that's was very close.
Now facing 100EMA resistance again, don't forget your SL in case it breaks bullish!

1 ביוני 2021

הפקודה בוטלה

CL with -3.56% (1x) and -0.23R

Ripple broke back inside the triangle and almost hit our SL during the night.
Priority seems to be bullish again, 100EMA acting as support now, time to cancel on that pull-back!

22 ביוני 2021

עסקה סגורה: היעד הושג

TP3 would have been reached with +45.18% (1x) and +2.88R

Ripple went for all targets after all, this analysis was so on point, we should have stuck to it...
Congrats is you traded it manually down to the bottom, we honestly did not but good for confidence anyway!