XRPUpdated XRP/USD Spot the Difference?
solid reds: connected using line-chart (inner, averaged)
solid blacks: connected using monkey-bars (outer)
dashed blues: support/resistance within the formation
2017-2018 formation: perfect
2018-2019 formation: crooked
next: will make a run for the 0.33-0.34 resistances, then retrace to 0.30
(it's critical that you retrace those points with your own tools, always starting with the line-chart)
solid blacks: connected using monkey-bars (outer)
dashed blues: support/resistance within the formation
2017-2018 formation: perfect
2018-2019 formation: crooked
next: will make a run for the 0.33-0.34 resistances, then retrace to 0.30
(it's critical that you retrace those points with your own tools, always starting with the line-chart)
Note
note that the upper resistance line (dashed blue) on the second formation was made for visual aid and does not reflect a 'touch' by the current run (yet).Note
After pressing "play" you can see that it did indeed run for the projected resistance, and reversed. This stock is now confirmed bearish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.