XRP breaking the symmetrical triangle soon!

2021年5月5日

XRPUSDXRPUSDT

A symmetrical triangle can be seen on the 4h timeframe.
There seem to a strong demand zone in 1.53-1.54. I expect that zone to be act as support.
Sooner or later XRP is going to breakout or breakdown from the triangle.
If the support at 1.53 holds, I expect a breakout upwards and testing the previous resistance level at 1.84.
If the consolidation continues, I still think there is a chance to break upwards from the triangle.
If the consolidation takes more than 10 x 4h candles, specially if the 1.53 supports get broken, the move downwards towards the 1.00 USD area seems to be more likely.

2021年5月7日

交易开始

As long as the triangle is acting as support, it is just a matter of time to go up to 1.75 and then 1.84.
1.53 support is crucial. That could serve as a conservative stop loss.