XRPUpdated CHART PATTERN
Hello!!! here we see a double chart patterns for this coin. first the curvy shape shows a CUP AND HANDLE PATTERN, we get understand that once a cup is formed we expect a handle, that lead us to the second pattern where we anticipate our handle is meant to be formed. look at that spot we got another chat pattern (DESCENDING TRIANGLE). having a close look at a support 0.61461 for price to reach. We also have to wait if sellers can take out that level if not we wait for a possible break out of the trendline to confirm the CUP AND HANDLE PATTERN stated early run.
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price broken the support @0.61461 shows that it was gonna move down, we can wait for a rest of that support which is now a resistances but if price break that resistances @0.60000, we look at for a break of the trendline which could signal a reverser in trend
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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.