Long

Still Sucking on That Ripple

Updated

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!

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With the breakout I’m anticipating a nice inverted HnS continuation pattern; would love to see it at the 1.618:

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However, those yellow and orange trendlines, respectively, are our next battles. If we surpass them, we’ll continue milking those Ripples!

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Here’s the front lines; stay vigilant!

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Pen’d it; with just the tip though...

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Now that’s full unadulterated penetration!

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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:

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Well... since they just let us walk right through; let’s focus on this chunk of resistance!

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This here is an exhaustive retreat; retesting the minor support levels for recouperation and reinforcements:

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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:

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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 anticipated

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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:

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Think we’re going to be okay! Back to the .80s!

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Ahh yes, the accumulation and reversal was grand; back to the 80s!

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Gogogogo!

KryptoTradr

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