Platon Trading Academy presents a brief overview of what will be today’s daily trading session about.
The triangle pattern squeeze with confluence of the possible 1.23 resisntace zone break-hook-go pattern has amazing upside potential.
Super simple and beautiful setup on XRP. Ascending trend-line confirmed with 4 touches already. We can either go on lower timeframes and trade touches of the trend line from there or wait for the breakout of the 0.77 – 0.83 resistance zone.
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Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.