Ripple (XRP) Completing Another BAT A Good Long Opportunity



On the small-time period 1 hour chart, the price action of XRP is completing the final leg of bullish BAT and soon it will be reached in the potential reversal zone.

 

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Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of BAT pattern should be as below:

Potential reversal or buying zone: $0.5619 to $0.5584

 

Fibonacci projection or sell zone: $0.5701 to $0.5701


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Stop Loss:
 The potential reversal zone area that is up to $0.2906 can be used as stop loss in case of complete candlestick closes below this level.



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Possible profit and loss ratio:
 As per above targets this trade has a profit possibility of 2.09% and as per the above-mentioned stop loss, the loss possibility is 0.63%.

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.


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