Tecnologia_Financiera

Symmetric Triangle in XRPUSD

As we can see on the chart, there is a symmetric triangle in XRPUSD, which has not broken yet. If the price surpases the upper line we can open a long position near 0.3313 with a take profit at 0.3889 and a Stop Loss at 0.3101 approximately. In the other hand, if the price breaks down the bottom line, we can open a short position near 0.3128, with a take profit around 0.2579 and a stop loss near 0.3309.

For the long position, the risk-benefit ratio is 2.72 and 3.02 for the short position.

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