XRP / MEXICAN PESOSPanjang
XRPMXN - Bullish flag
I think it's a textbook bullish flag, with an ascending volume on the "pole" and descending on the "flag". Also, measured from the pole, the strong bullish trend didn't retrace more than 50%, which is healthy.
Flags are formed because of the consolidation of a very steep trend. I think this correction is healthy, because the price action is testing supports and resistances that we didn't see in the "pole".
The price target is a 50% movement from the breaking of the flag's resistance. I would like to see a strong volume in this breakout, though.
Flags are formed because of the consolidation of a very steep trend. I think this correction is healthy, because the price action is testing supports and resistances that we didn't see in the "pole".
The price target is a 50% movement from the breaking of the flag's resistance. I would like to see a strong volume in this breakout, though.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.