I've been waiting all day for XRP to break this continuational-accumulated flag pattern. Anyone else want some milk?
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Well, the original flag pattern didn't quite go as planned, but the price action appears to be favoring the previous structure support now:tradingview.com/chart/5g60qKSp/
Still holding strong. Trade well my friends.
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This might be the last hope for the Bulls. The green support region is definitely the last line of defense or we may very well see the 55-50s range all over again. tradingview.com/chart/5g60qKSp/
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Key level of resistance that we need to plow through!Trade active
With the breakout I’m anticipating a nice inverted HnS continuation pattern; would love to see it at the 1.618:Note
However, those yellow and orange trendlines, respectively, are our next battles. If we surpass them, we’ll continue milking those Ripples!Trade active
Here’s the front lines; stay vigilant!Note
Pen’d it; with just the tip though...Note
Now that’s full unadulterated penetration!Trade active
Talk about a full bull rager... No contest!Okay. Next up, these two levels of resistance. With the looks of it, just might plow through it relatively easily.
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Now that the market is done with its 2PM (PST) nap and starting to crawl out of bed...We’ve had a nice healthy pullback since; it’s tested the previous structure resistance and is reloading for another strike:
Trade well my friends.
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Round two:Trade active
Well... since they just let us walk right through; let’s focus on this chunk of resistance!Note
This here is an exhaustive retreat; retesting the minor support levels for recouperation and reinforcements:Trade active
That was a tough battle, but unsuccessful. I’d like to see a full retrace back to the flag pattern’s major support level within the yellow ellipse; this will ensure us enough recouperation, strength, and momentum to tackle that major level of resistance above:Note
Hmm... maybe no need for a full retrace; the price action has stopped at our decent chunk of resistance and has formed a Double Bar reversal patterns with Close/Open of 0.715 respectively! Maybe we’ll be seeing the .80s again sooner than anticipatedNote
LOL. No Kyrpt. No. Either way, we’re back to previous Flag Pattern Support. Let’s see some Accumulation!
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Looking like a Death’s Scythe pattern... could be devastating for Bulls fans:Note
Think we’re going to be okay! Back to the .80s!Note
Ahh yes, the accumulation and reversal was grand; back to the 80s!Note
Gogogogo!
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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.