{"id":12472,"date":"2022-09-16T09:38:43","date_gmt":"2022-09-16T09:38:43","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12472"},"modified":"2023-05-12T09:41:17","modified_gmt":"2023-05-12T09:41:17","slug":"xrpusd-triangle-about-to-break-how-to-trade-the-pattern","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/16\/xrpusd-triangle-about-to-break-how-to-trade-the-pattern\/","title":{"rendered":"XRPUSD Triangle about to break. How to trade the pattern."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Ripple (XRPUSD) got rejected this Tuesday on the 1D MA50 (blue trend-line) in the aftermath of the worse than expected CPI report. That rejection was performed on the top (Lower Highs trend-line) of the Triangle pattern that the price has been trading in since the July 13 Low.<\/p>\n<p>Naturally, as long as the price remains within the pattern, the trend remains neutral short-term, which is a solid scalping opportunity. A break below it, targets the 0.28680 Low of June 18, which is the current Support and further break can result into a new collapse on the -0.236 Fibonacci extension (0.21850).<\/p>\n<p>On the other hand, if the Triangle breaks to the upside, it will be a bullish break-out signal, targeting the 1D MA200 (orange trend-line) on the medium-term. A new break there should chase after the Lower Highs zone from the April 2021 High.<\/p>\n<p>The 1D RSI has been on Higher Lows since May 12, which slightly favors the bullish case but there is a clear Resistance as well to be mindful of.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XRPUSD\/FOrvLCWv-XRPUSD-Triangle-about-to-break-How-to-trade-the-pattern\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XRPUSD\/FOrvLCWv-XRPUSD-Triangle-about-to-break-How-to-trade-the-pattern<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Ripple (XRPUSD) got rejected this Tuesday on the 1D MA50 (blue trend-line) in the aftermath of the worse than expected CPI report. That rejection was performed on the top (Lower Highs trend-line) of the Triangle pattern that the price has been trading in since the July 13 Low. Naturally, as long as the price<\/p>\n","protected":false},"author":611,"featured_media":12473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12472"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12472\/revisions"}],"predecessor-version":[{"id":12476,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12472\/revisions\/12476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12473"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}