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XRPBTC Ripple vs Bitcoin Potential Bearish Bat Pattern

Targets Reached

XRPBTC Ripple vs Bitcoin Potential Bearish Bat Pattern

Pattern /Reason: Bearish Bat Pattern

Time Frame: H1

Accuracy of the Pattern( How much it’s meeting the requirements of the said pattern): 74%

Setup No: XRPUSD240701

Recommended Lot: 0.20

Trade Period:  Intraday – Medium term

Active/Pending: Pending

Trade: Short

Entry: 32.80 – 33.00

Stop Loss: Above X 33.50

TP1: 32.03125 / Reached

TP2: 31.25000

TP 3: 30.46870

 

Update: Breakout of 31.2500 would accelarate the bearish move. You can add short with TP3.

 


Warning and Things to Pay Attention:

  1. Harmonic Patterns are reversal patterns and mostly against the main trend on the chart they appear.
  2. Target levels are determined by MM Calculation as the pattern has not been completed yet. They may vary 3-5 pips according to the completion level of the predicted patterns.
  3. Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
  4. Do not risk more than 2% in one trade setup.
  5. We usually book partial profit at the first target and move our stop loss to entry or break-even level. Use your own risk/profit management to exit the trade.
  6. We are publishing potential opportunities. There are no certainties and traders bets on possibilities. Read the setup carefully before entering a trade and take your own decision.

 

XRPBTC Ripple vs Bitcoin: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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