XRP Bullish Setup – AB=CD Pattern on 1H Timeframe!

20 ก.พ.

#XRP is in a strong uptrend, showing no bearish signs, and currently forming a classic AB=CD pattern on the 1-hour timeframe. This pattern is a well-known harmonic structure that often leads to a continuation of the trend!

Key Technical Insights:
🔹 AB=CD Pattern Completion: Price is approaching the 0.618 Fibonacci retracement zone.
🔹 No Bearish Signs: Momentum remains bullish, with increasing volume.
🔹 Confluence Support: The 0.618 FIB level aligns with previous demand zones, increasing the probability of a bounce.

Trading Plan:
Entry: Around the 0.618 FIB level, Price is 2.65
🔹 Targets: TP at 2.88
🔹 Stop-Loss: Below structure 0.5 FIB level, Price is 2.6

What do you think? Will #XRP respect the AB=CD pattern and continue higher? Drop your thoughts in the comments!

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21 ก.พ.

การซื้อขายยังคงดำเนินอยู่

Trade is active. As I mention on the chart, XRP retest the our entry price level. Now use proper SL and wait for the TP.

24 ก.พ.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

SL Hit