XRPUSD Weekly triangle currently retesting as exact wick support

4 thg 10

Even though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8

4 thg 11

Ghi chú

Top trendline of triangle still maintaining support here.

25 thg 11

Ghi chú

Breakout confirmed. Price is now about 13rd of the way to the breakout target.

2 thg 12

Giao dịch đang hoạt động

Over halfway to the full target now.