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.
Note
Also as a side note, the triangle formation terminal point is resting on the .50 fib of the last impulse.Note
XRP Breaks to the Upside-!!!!Note
If impulse grabs attention, then targets are 1.15, 1.22 and 1.40.Note
XRP shows that it can play both sides of a triangle.....Key support is brokenNote
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!!!!
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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.