XRP/USDT Midterm. Triangle. Pivot area

Updated

In an uptrend, a symmetrical triangle has formed above the dynamic support line. Price is clamping down, volatility is decreasing.

Coin: [/b]XRP

My idea of a secondary trend, before this triangle forms.
XRP / USD Secondary Trend. An expanding volatility zone. Wedge.

Note

Breakdown of the resistance of the triangle. Be aware of the likelihood of false breakouts.

Note

The price goes by the classic TA. Breakdown of the triangle resistance, pullback after the breakdown, confirmation of the level and continuation of the trend. From the publication now +17.18%. Pay attention to the time of incarnation of these price local movements and the arrows are shown in the publication.

Note

Today 18. Under the local market correction return to the triangle breakdown zone (mirror support level). Potential reversal zone. Sometimes excessive attention to small movements prevents future picking up of excess profits.

Note

Symmetrical triangle breakdown down from 1.03 to the 0.74-28% level zone (squeeze to 0.6-41%). Return of the price. Local resistance mirror level 0.89 and the resulting breakdown of the triangle, a downtrend local small trend (red). Exit from the local downtrend - overcoming this zone (trend line)

Note

The price is squeezed in the zone of 0.7-0.89 levels, thus forming a small channel with small steps. There is a breakdown of the local downtrend before the upcoming SOLO token giveaway on December 24-31 to XRP holders

Note

about +26% from the local breakout to the level of 1.03 on the background of airdrop 24 - 31. They cleverly invented that supposedly 24, but they can also make 31. You understand the logic, so that the freeloaders did not drain in the moment 24. The snapshot will happen on 24. It is 1 day and 8 hours away. 31 minutes. After the balance sheet snapshots are usually significant pullbacks. Also, the next big XRP airdrop is likely to be in January after 17 01 and that's important.

Note

local pullback from $1.03 level. Just a reminder today 24 12 balance snapshot to XRP holders - airdrop SOLO

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XRP / USD Secondary Trend. An expanding volatility zone. Wedge.

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XRP / USD Secondary Trend. Wedge.

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