This pattern is the hardest of all because there is not a clear indication relating to the price action and direction. Either way, this is a sign of impeding breakout and increased volatility.
While triple moving overages shows bias to the low and bear flags are formed this pattern indicates a volatile move is forming and completely unpredictable.
It is time to keep an eye on XRP for volatile movements.
While triple moving overages shows bias to the low and bear flags are formed this pattern indicates a volatile move is forming and completely unpredictable.
It is time to keep an eye on XRP for volatile movements.
Nota
Also as a side note, the triangle formation terminal point is resting on the .50 fib of the last impulse.Nota
XRP Breaks to the Upside-!!!!Nota
If impulse grabs attention, then targets are 1.15, 1.22 and 1.40.Nota
XRP shows that it can play both sides of a triangle.....Key support is brokenNota
XRP continues downward. 50DMA is decaying a penny per day. If this continues, XRP will cross 100dma Wednesday next week. Interesting factoid about Wednesday, Thursday, and Friday. Their origins are Vikings for the Gods-Odin's Day, Thor's Day and Goddess Freya's day. I guess I am teachable....lol. Hail the Hodls!!!!
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.