At the moment, a fractal has formed. The situation is very similar to BTC / USD 11 11 2019. Today is 21 12 2020. We pump, at the top of the trend, the formation of a symmetrical triangle, breaking it. Consolidation and strong momentum at a large percentage level above the downtrend triangle. Draws a symmetrical triangle above a downtrend that can act as a canvas of an upward pennant for a fairly large percentage of gains. Maintaining the price, reducing volatility and breaking the trend line. Return of the price back to the descending channel. A brilliant deception. Or it will happen again on XRP, it's hard to say. But now everything is repeated.
Fractals are not always obtained, but they are often repeated, because the entire market consists of one after another fractals as a constructor. Fractals may be similar, but not identical. Because it’s silly to expect them to repeat themselves that way, but there is a likelihood of similarities, it rarely happens, but it does happen. Especially where symbolism is important. BTC and XRP are closely related in a common project. Still, the embodiment of an identical fractal should be considered as one of the probabilities.
Separately, these are graphs for comparison.
XRP/USD 4 hours
BTC /USD 1D
Fractals are not always obtained, but they are often repeated, because the entire market consists of one after another fractals as a constructor. Fractals may be similar, but not identical. Because it’s silly to expect them to repeat themselves that way, but there is a likelihood of similarities, it rarely happens, but it does happen. Especially where symbolism is important. BTC and XRP are closely related in a common project. Still, the embodiment of an identical fractal should be considered as one of the probabilities.
Separately, these are graphs for comparison.
XRP/USD 4 hours
BTC /USD 1D
Note
Found another fresh fractal . This is a positive scenario if this reversal zone is held. XLM coin that is pumped along with the ripple, only the movements are ahead. Timeframe 4h on both charts. Once again, this could happen again if XRP currently holds this reversal zone + - a couple of cents.
Trade closed: target reached
Trade closed: target reached
Note
Note
Note
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✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
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.