Herklos
Long

XRP pattern repetition

BITFINEX:XRPUSD   Ripple / Dollar
141 0 2
XRP is repeating the same pattern of consolidation before next run. XRP is finishing to consolidate and will enter a new run very soon.

I also mention into the graph idea an Eliott Wave which can make us think that it will be the last run before a clean correction (the peak of 3.81$ would be the 5th point of an Eliott Wave).

If we have the same volumes as the same run I don't think It will go futher than the TARGET (of 3.81).
Another option would be similar volumes to the previous run of 2.35$. In this case, we can imagine a break of the 4$ but we will need huge volumes.
So the reasonable take profit is 3.81$.

TARGET : 3.81$

This is just an idea, not a trading advice.
Trade ist aktiv
Kommentar: Explained Eliott Wave :
Trade geschlossen: Stop wurde erreicht: XRP broke the pattern by overpass the orange support line.
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