XRPUSD - 1D - Cup and Handle?

2020年11月10日

Not a financial advisor. This is just for information purposes.

Currently looking at a possible Cup and Handle formation near support (from the channel developed since March) on the XRPUSD Daily.
In case it breaks the neckline, XRPUSD has a possible target near the 0.30 (high 0.29's).
I would put a stop loss below the handle. This would mean a 3:1 Risk Reward.

2020年11月13日

注释

I am not 100% certain whether this is a Cup & Handle or not.
Regardless I see possible break of resistance from the previous candle closes while price is near channel support.
I say "possible break" as we need to wait about 3 hours to get the daily close.

2020年11月16日

注释

interesting move!

2020年11月16日

交易结束：到达目标

Target reached.
Surely there are targets above this one,
mainly looking at the top of the channel...
(Good luck)