Hello Traders,
As you can see price looks to be forming a symmetrical triangle inside a much bigger triangle. A symmetrical triangle can break both ways.
A break to the upside is the rise of XRP and should create a new HH.
A break to the downside is the fall of XRP and will break a major support trend line.
As you can see price looks to be forming a symmetrical triangle inside a much bigger triangle. A symmetrical triangle can break both ways.
A break to the upside is the rise of XRP and should create a new HH.
A break to the downside is the fall of XRP and will break a major support trend line.
Note
The moving averages look alright.
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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.
Related publications
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.