XRP still above long term support trendline
XRPUSD weekly chart still looks good. Long term trendline holds for now. Higher lows and lower highs are forming symmetrical triangle and breakout will determine next move up/down!
There are instances when symmetrical triangles mark important trend reversals, but also, they mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We are getting closer to that so stayed tuned!
There are instances when symmetrical triangles mark important trend reversals, but also, they mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We are getting closer to that so stayed tuned!
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