Trade Idea | Long | MARA | Mara HoldingsMARA Holdings, Inc. is a company that engages in mining cryptocurrencies. They will release their recent earnings report on November 12 and in my opinion it is currently trading below market value.
As of this writing, OANDA:BTCUSD is now trading at $80K level posting another new high meaning, the value of this holdings of this company also increases. This recent bullish move made by Bitcoin is enough for me to go long in this stock.
Trade Idea:
Entry : $19 - 20.50
Stop: $18.00
Always manage your risk. Know when to get out before going in. My target exit depends on the volume price action heading to that $26 level resistance.
Cryptocurrency
BTC Sustained BuysBtc has shifted into a state of consolidation which suggests that some profit taking is occurring right now.
BUT
This also means that orders are being acquired - as this is one of the main purposes and causes of what we see as consolidation.
Traders becoming interested in both buys and sells at the same time. In hopes that it would actually either buy or sell.
I can see a reality in which a trader can make a case for both buys and sells here although if I am being honest. Buys definitely make more sense to me.
As the momentum is clearly bullish and this consolidation is simply a way for the market to capture some liquidity so that it can continue with what is has been doing all along.
Another reason I believe that buys make more sense is because if we look at the green zone (Where price seemingly reversed) we can say that in fact in didn't reverse as if it did it would have not only dropped much further, quicker but it would not be floating at such a high price just after a "would be" reversal.
Remember the purpose of a reversal is to get rid of traders who were following the trend all the time, which means it needs to happen quickly or else the market risks those same traders catching on to the trick (manipulation).
I believe the green line is plausible for BTC's next move. Take out buyers below this current consolidation and then continue bullish from here - most likely beyond the high (green zone)
MOGUSD Aggressive bullish break-out taking place.MOG Coin (MOGUSD) has been trading within a Falling Wedge pattern and for the 2nd time in a week broke yesterday above its top (Lower Highs trend-line). This rebound is taking place after the 1D MA50 (blue trend-line) held.
The whole sequence is identical to the Falling Wedge where the price accumulated before the February 2024 rally. As you can see even their 1D RSI fractals are identical. The rally that followed the bullish break-out extended to the 3.0 Fibonacci extension and rose by +11.180%.
If the current sequence continues to replicate that pattern, we expect to see 0.000035 by January 2025 the latest.
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SasanSeifi| Can It Hit the $300 Zone?Hey there, ✌ Examining the 4-day chart for NASDAQ:TSLA , we can see a slight upward movement from the $140 price range. After multiple attempts to break above, the price encountered resistance around $265, resulting in a negative reaction and subsequent correction. Currently, the price hovers around the $248 level. My medium- and long-term outlook remains bullish, with an expectation that the price could rise toward the $300 supply zone and reach targets between $320 and $350.
One possible scenario is that, after a consolidation phase, if Tesla holds within the critical support range of $230 to $200, it could see significant growth toward the mentioned targets. Preserving these key support levels is crucial. However, if the price breaks below the $200 level and consolidates there, this scenario would lose validity, possibly leading to further correction.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
102K is the next oneGreetings everybody,
So, BTC is taking important targets one by one. 85 all-time AB=CD target already is behind and next one is 102K. NOw price stands between them, but BTC is not at overbought on monthly chart, so potentially it could keep moving higher.
THe major intrigue right now is the retracement. Whether BTC shows response to 85K target and then will turn to 102K or, it will go to 102K directly and after that will start the pullback...
Based on performance we suggest that attempt to reach 102K has more chances now. Thus, we bring you the chart with potential 3-Drive pattern that could finalize this action.
If you would like to wait for deeper retracement and don't rely on 3-Drive, then your option is potential 4H H&S pattern and ~80K support on average to watch for:
Our opinion that 3-Drive has better chances to happen, but we will see... We consider no shorts by far.
Bitcoin cycles + logistic curve = New bull run 2023-2025 I want to take a closer look at Bitcoin's price weekly logarithmic chart.
Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately 51-60 weeks.
150 bars on Bitcoin's weekly price chart, mark the beginning of the next pulse of the growth cycle that we are currently in. Everything in our life is based on cyclical patterns, especially when it comes to financial markets.
If we analyze the rise and fall, we can conclude that the fall occurs faster than the growth of about three times.
About logistic curve
The logistic curve describes the speed of information dissemination among people. This graph describes the distribution of information in an environment.
At first, an instrument is of little interest to anyone, investors are afraid of buying it, and its price fluctuates around r °. At this time, the initiated ("elite"), solely owning important information, begin to buy it, and the price slightly grows. Then the information is shared with a small circle of insiders, individual purchases grow into active buying, and the price of the instrument abruptly takes off. The general public is perplexed and can not understand what is the reason. In the third stage, news comes out and investors fearing not having time to "jump into the last car" buy up this tool that the "elite" and "proxies" are happy to sell to them at the maximum price (with joy, because at that time the "elite" there is already new information that the "elite" has taken into account, a new logistic curve in another instrument begins, or in the same, but with another sign, sales begin). The third stage is completed, when the whole society is aware of what happened, discuss everywhere, in the metro, all who could have already made There is no one to sell.
The only thing that changes is the slope of the logistic curve - the information dissemination rate
As a rule, 90% of bulls in high. And then the market unfolds and vice versa
If you are constantly being told the same thing, then everybody knows it already. It is necessary to look not at the news
If everyone around you screams the same thing, then you are in the upper zone
The task of stepping back from the noise (this time it's useless overpriced NFT pictures)
"WE WILL BE GOLD BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST" Rothschild's
"The same situation with cryptocurrencies, but this is only the beginning" Mr.EXCAVO
Best regards EXCAVO
Phemex Analysis #35: How to Capitalize on DOGE's Hot StreakPHEMEX:DOGEUSDT.P has recently experienced a significant surge, gaining over 100% in the past week and 300% in the past month. Originally known as a peer-to-peer digital currency favored by Shiba Inu enthusiasts, DOGE has evolved into a cultural phenomenon, often associated with Elon Musk and even linked to the United States Department of Government Efficiency (DOGE). These factors have solidified DOGE's position and fueled its recent price increase.
Key Levels to Watch:
Resistance Levels: $0.442, $0.564, and $0.744
These levels could act as barriers to further price increases or potential buying opportunities if broken with strong volume. The recent attempts to break through the $0.44 level on November 12th and 13th were unsuccessful, leading to a consolidation phase around $0.37 to $0.42.
Support Levels: $0.37, $0.34, $0.28, and $0.20
If the third attempt to break the $0.44 level fails, the price may retreat to one of these support levels. These levels could provide opportunities to accumulate DOGE at a lower price. Depending on your risk tolerance, you can enter earlier at $0.37 (but carry higher risk of price dropping) or enter later at $0.28 (lower risk, but might miss the entry). Alternatively, you can diversify your investments by allocating a portion of your funds to each support level.
Leveraging Trading Strategies
Grid Trading:
Utilize Phemex's Advanced Grid Bots to capitalize on price fluctuations within a specific range. By setting a grid between $0.28 and $0.744 (or higher), you can automatically buy low and sell high, maximizing profits from price swings & high volatility of DOGE.
Martingale Strategy:
If you're bullish on DOGE's long-term potential, consider using Phemex's Advanced Martingale Bots to double down on your position at lower support levels. Remember to use lower leverage to manage risk effectively.
Conclusion
DOGE's recent surge has generated significant excitement and volatility. While the future of the coin remains uncertain, understanding key support and resistance levels can help you make informed trading decisions. By employing effective trading strategies and managing risk, you can capitalize on potential opportunities in the volatile cryptocurrency market.
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
KASPA IS GIANT - WAITING FOR MAJOR EXCHANGES - TRADE PLANChart Type: 4-hour (4H) timeframe.
Pattern Identified: A falling wedge pattern is evident, which typically signals a potential reversal to the upside, especially when the price breaks above the upper trendline (resistance) of the wedge.
Current Price Action: The price is currently consolidating near the lower boundary of the falling wedge pattern. The breakout above the wedge's resistance level is considered crucial for the potential upside move.
Indicators and Signals:
Volume (Volume Profile on the chart):
There is an increase in volume around the lower part of the wedge, suggesting accumulation as the price approaches key support levels.
A potential breakout could be confirmed by a spike in volume as the price breaks above the resistance line of the wedge.
RSI (Relative Strength Index, 14):
The RSI is at 43.20, which is neutral but nearing the oversold zone. This suggests that the market is not in an extreme selling phase, and the asset could gain momentum if the breakout occurs.
Stochastic Oscillator:
The Stochastic Oscillator is at 15.98, indicating that the market is in oversold conditions. If it crosses upward, it could further confirm that a reversal or upward movement is likely.
MACD (Moving Average Convergence Divergence):
The MACD line is above the signal line, and the histogram is in green, indicating bullish momentum. This is a positive sign for a potential upward move once the breakout happens.
Money Flow Index (MFI):
The MFI is showing green bars with an upward slope, suggesting positive money flow and investor interest in the asset.
HMA (Hull Moving Average):
The HMA shows a slight bullish bias with an upward slope, which complements the potential bullish breakout scenario.
Key Support and Resistance Levels:
Support Level: The lower boundary of the falling wedge acts as a key support level. If the price holds above this level, it will give confidence to the potential upward breakout.
Resistance Level: The upper boundary of the wedge is the key resistance level. A breakout above this will be crucial for confirming the potential bullish move.
Price Target: If the breakout occurs, the next logical target would be around the previous highs near 0.18 USD, based on the wedge's height.
Potential Scenarios and Trading Plan:
Bullish Scenario:
Entry: Enter a long position once the price breaks above the resistance level of the falling wedge (around 0.1285 USD).
Stop Loss: Set a stop loss just below the support of the wedge (around 0.1200 USD), to minimize risk in case of a fakeout or reversal.
Take Profit: The first target should be around 0.16 USD, and a secondary target around 0.18 USD if momentum continues to rise after the breakout.
Bearish Scenario:
If the price fails to break the wedge’s resistance or breaks below the wedge’s support, it would indicate that the price is likely to continue its downtrend.
Short Entry: Consider a short position if the price falls below 0.1200 USD, confirming a break of the wedge's support.
Stop Loss: Set the stop loss just above the wedge resistance at 0.1300 USD.
Take Profit: The target could be at lower support levels around 0.10 USD.
The KASPA chart shows a potential bullish reversal from the falling wedge pattern. The key factor for success in this trade will be the confirmation of a breakout with high volume above the wedge's resistance.
Utilize the indicators such as the RSI, MACD, and Stochastic for additional confirmation of the trade setup.
Risk management is crucial, with clear stop-loss levels set to protect against potential downside moves.
Velas is the real monster! Skyrocketing + Solana fork on horizonTechnical Analysis for VELAS Cryptocurrency
VELAS ( LSE:VLX ) is currently at a very low market cap, presenting a tremendous opportunity for investors and crypto enthusiasts. As one of the most promising projects in the blockchain space, VELAS is working on a groundbreaking fork of Solana, a move that could drastically enhance its scalability and performance. Once the fork is completed and the full potential of the technology is realized, the price is expected to skyrocket, positioning VELAS as one of the top contenders in the crypto market. Now is the perfect moment to closely monitor LSE:VLX , as the project is on the cusp of significant development and growth.
Market Overview:
At present, VELAS remains under the radar for many investors, with its market cap being relatively small. However, this presents a unique opportunity for those who understand the project's long-term potential. The current market conditions offer a window to enter at an attractive price point before the inevitable surge once the Solana fork is completed.
Key Fundamentals:
Solana Fork: VELAS’s primary focus is to fork Solana’s high-speed, scalable blockchain technology, which offers significant improvements in transaction speeds and lower fees compared to other blockchains.
Project Team and Development: The development team is focused on optimizing the codebase to ensure that the VELAS network will be capable of handling millions of transactions per second (TPS) without sacrificing decentralization.
Partnerships and Ecosystem Growth: VELAS has been actively seeking strategic partnerships with decentralized finance (DeFi) projects, NFT platforms, and major players in the Web3 space. As the ecosystem grows, it will bolster the demand for LSE:VLX tokens.
Technical Indicators:
Price Action: Currently, VELAS is trading in a consolidation phase after a slight dip in its price. This is typical for assets before major updates or forks are launched. Traders and investors should keep an eye on support levels around the $0.30–$0.35 range. A breakout above the resistance at $0.50 would signal the start of a bullish trend.
Moving Averages: The 50-day and 200-day moving averages are converging, which often indicates that a breakout is on the horizon. This crossover will serve as a critical indicator of a trend shift from bearish to bullish.
RSI (Relative Strength Index): The RSI currently sits below 40, indicating that LSE:VLX is in oversold territory, which suggests the potential for an upcoming rally. This could present an entry point for those looking to capitalize on the upcoming price surge.
MACD (Moving Average Convergence Divergence): The MACD is showing signs of positive momentum, and the histogram is beginning to turn upward, which could signal that the price is gearing up for an upward move.
Support and Resistance Levels:
Support Level: $0.30 is the critical support level for VELAS. Should the price dip below this level, further downside is possible, but the project’s long-term prospects make this a likely bounce point.
Resistance Levels: The first major resistance is $0.50, followed by the psychological barrier of $1. If VELAS can break these resistance levels, it could quickly gain significant upward momentum, especially with the completion of the Solana fork.
Trade Setup:
Entry Point: Now and on spot trading only!
VELAS is a high-potential cryptocurrency that is at the intersection of low market cap and major technological advancements, particularly with its Solana fork. The current price offers an enticing entry point for investors looking to position themselves before the upcoming price surge. By utilizing technical indicators and monitoring key support and resistance levels, you can develop a solid strategy to trade VELAS effectively. With the Solana fork on the horizon, VELAS is well-positioned to experience a significant rise in its value in the coming months.
Aptos (APT) Among all those red candles and McDonald's chart patterns still altcoins and new projects in crypto rise and pumping each and every single day
Aptos price today is $9 with a 24-hour trading volume of half a billion. APT price is up 23.0% in the last 24 hours. It has a circulating supply of 130 Million APT coins and a total supply of 1 billion
but let see what is this project at all, Aptos is a new, independent high performance PoS Layer one project focused on delivering the safest and most scalable Layer 1 blockchain in the world. The Aptos blockchain leverages the Move programming language and the Move VM for application development, which are created and optimized for blockchain use cases.The team is comprised of the original creators, researchers, designers, and builders of Diem, the blockchain that was first built to serve this purpose. Aptos raised $200 million from a16z, Multicoin, Binance and others. Aptos launched Devnet in mid March, incentivized testnet in late May and targets Q3 for mainnet launch. you can check their whitepaper for more details too.
one thing you should remember in bear market is, always take a profit
tg 9.1 , 9.5 , 9.9
Mark Douglas’ Guide to Trading Without EmotionDue to the critical role psychology plays in trading success, I’d like to share a summary of The Disciplined Trader by Mark Douglas. This book dives into the mental and emotional skills required for consistent and profitable trading, revealing the mindset needed to stay calm, disciplined, and focused in the markets. Here’s a brief overview of its key insights.
1. Importance of Trader Psychology
Douglas believes that success in financial markets depends more on mindset than on complex strategies. Emotional control and mental discipline are key to avoiding losses.
2. Embracing Risk and Market Rules
The book emphasizes risk acceptance. Traders must understand each trade is uncertain and only one possible outcome in a probability field. Douglas advises establishing clear rules and following them without exception.
3. Taking Full Responsibility
Douglas insists that traders are fully responsible for their market outcomes. Avoiding blame and excuses, traders should own every decision they make.
4. Building a Success-Oriented Mindset
Douglas explains how to create a mental framework that enables traders to make unbiased, emotion-free decisions based on market trends and signals, avoiding fear and greed.
5. Stress Management and Maintaining Calm
The book highlights managing stress and staying calm under pressure. Douglas suggests using mindfulness and focus techniques to stay composed and make sound decisions.
BSV/USDT POSSIBLITY FOR $105Following the recent increase in BTC and based on the latest data, BSV has a good chance of entering a new trend. This suggests that BSV may gain enough momentum to break through to $107, with potential interim targets at $74, $85, and $105.
The reason for this update is that there is a high chance BSV can change a trend of break.
This depend on trend data.
Monitor BSV further to see if it can reach new levels in the coming periods.
PEPEUSD: Strong bullish wave off 1W MA50 targeting 0.000050.PEPE is overbought on its 1D technical outlook (RSI = 85.221, MACD = 0.000, ADX = 39.254) as it is up +40% today but that should have little impact on this hyper aggressive trend as it has started the new bullish wave of its long term Channel Up. The 1W RSI is rebounding in a similar manner as in February 2024, same with the 1W MACD which is posting a Bullish Cross. So far each bullish wave has been around -50% the one before it, so we expect this one to extend to +580% (TP = 0.00005) and price a new HH.
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Ethereum (ETH)Ethereum—some call it the silver of cryptocurrencies; obviously, Bitcoin is the gold. Anyway, continuing from the last ETH analysis, ETH is still moving in a wide ascending channel. Currently, ETH is oscillating in a triangle pattern that is sloped slightly upward. At the same time, there is a horizontal resistance/support area that acts like a magnet. Also, the channel's middle line is important for deciding upward or downward movement. Let's see which way ETH breaks this triangle pattern.
BTCUSD: Amazing Rainbow Cycles tell you where to Buy & Sell.Bitcoin is vastly overbought on its 1D technical outlook (RSI = 85.391, MACD = 5410.00, ADX = 45.265) as the recent weekly rally since the U.S. elections has pushed it past 90,000. Even the 1W timeframe got overbought (RSI = 74.244). However that overbought state has no impact on the current trend as during Bull Cycles and especially when the final 12 month parabolic rally begins, BTC tends to stay massively overbought for a very long period of time.
On this chart you see how the Bitcoin Rainbow Wave and Bands indicators (by Leoum) are applied with key pressure (both buy and sell) zones among Cycles that can even project future price action. This is a very powerful tool for those who want to plan their entries and exits on a long term scale.
Right now BTC is past the Yellow Zone where buying was suggested before the parabolic rally begins. This has historically been a few months after each Halving. The price just entered the yellow zone of the Rainbow but remains under the middle (purple line) of the cyclical wave. This means that despite the massive recent rally, it is still a fair buy.
The max level to sell on this Cycle is the Red Wave Zone, with the indicator suggesting a max value of $258k. However it is recommended by this model to start selling inside the upper band of the Fair value Zone (orange line), which currently gives a minimum of $145k and a maximum of $211k. Technically that is estimate to be a fair High for this Cycle.
When the next Bear Cycle begins, the model shows that it is best to start buying inside the green zone where BTC is expected to turn oversold near or at 30.000. Amazing as it may seem now, this zone is between $94k -$77k, which is approximately the trading range of this week. Meaning that the projected bottom of the next Bear Cycle could be around the levels we're at now.
See how our prior idea has worked out:
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Kryll (KRL) technical analysisPrice has broken the downtrend lines and we saw an increase in buy volume. Currently, price is correcting again in a minor wave; we need the horizontal supportive line to hold the price for the uptrend wave to be confirmed. There is a long uptrend line that price will probably react to it in the future-if price could reach it :)
BITCOIN buying pressure indeed stronger than any Cycle before!Three months ago (August 12, see chart below) we published our view on Bitcoin (BTCUSD) claiming that on the current levels and compared to the relative stages it was in previous Cycles, the bullish trend was stronger than ever before:
At the time the price was 'just' at GETTEX:59K and yesterday it touched the $90000 level. This shouldn't surprise you as the pattern has been 'playing out' in a similar way to both the 2019 - 2021 and 2015 - 2017 Bull Cycles.
In fact it is so strong that we now need to readjust the green parabolic channel of the current (2023 - 2025) Bull Cycle to a more aggressive pattern in order to fit the enormous rally that started in September.
As you can see this comparison with the previous Cycles suggests that BTC can reach at least the -0.618 Fibonacci extension, which is a little over $170000, like the other two did. It also highlights how the current Cycle has been more aggressive than the previous as the price reached the All Time High faster (March 2024) than the previous two but also the amazing symmetry among them as the current (final) parabolic rally that started on the August 05 2024 bottom took place 90 weeks (630 days) after the November 2022 bottom. As you see both in 2020 and 2016 the final parabolic rally also started 90 weeks after their respective Cycle bottoms.
So do you agree that the current rally shows the current buying pressure is more aggressive than in previous Cycles at this stage? Feel free to let us know in the comments section below!
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KuCoin Is Looking For A Bullish ContinuationKuCoin with ticker KCSUSD is nicely rising as expected after we spotted a completed higher degree wave IV correction and bullish breakout for a higher degree wave V a year ago.
As you can see today, KCSUSD is still holding up well and it may actually formed a lower degree bullish setup formation with subwaves 1 and 2, which can now extend the rally within subwave 3 of a five-wave bullish cycle within that higher degree wave V.
KCS is KuCoin's native token, launched in 2017 as a profit-sharing token. Initially issued as an ERC-20 token on Ethereum, its total supply was 200 million, with plans to reduce it to 100 million through buybacks and burns. KCS will eventually become the native asset for KuCoin's decentralized financial services and governance. KuCoin aims to empower KCS, making it a key product within its ecosystem. As KuCoin develops its DEX and KuChain, KCS will serve as the primary token for these decentralized products.
Spring '21 Resistance Halts DOGE, Retracement Coming??Here I have COINBASE:DOGEUSD on the Weekly Chart!
Last week COINBASE:DOGEUSD jumped .15 cents or roughly 102% following the final voting count electing Donald Trump the next President of the USA. Along his campaign, we saw a very heavy Pro-Crypto agenda along with the on-boarding of Elon Musk, known for his interest in COINBASE:DOGEUSD possibly being given a position running a "Department Of Government Efficiency".
Price on COINBASE:DOGEUSD after breaking the Aug - Oct '21 Highs has halted right at the Apr - May '21 Resistance. Now with all the speculations coming out about the imminent RISE of price, where is a good place to start investing before the boom?!?!
Based off the High @ .4398 to the Low @ .0805, just before the Break of Structure, We are given some Fibonacci Levels that align with Potential Buying Opportunities if Price needs Support to continue Higher to the All Time High @ .7605.
*Aug / Oct '21 Highs
.3550 - .3025
23.6% - 38.2%
*Mar / Apr '24 Highs
.2290 - .2067
*Golden Zone
.2178
61.8%
Hedera (HBAR)Hedera chart is tempting and promising too. An inverted wedge pattern, a big one, is formed which means HBAR's future upward waves can be huge; and currently price is at the bottom. Also, a big harmonic pattern ended too. More importantly, it seems a double triangle pattern has formed, which gives the possibility of a strong upward wave. Let's see what happens.
Ripple (XRP)Ripple needs no introduction, an open-source, permissionless and decentralized technology which offer low-cost, speed, scalability and inherently green attributes as well as featuring the first decentralized exchange. Also, Ripple news about legal battle with the SEC increased its popularity; although, the final outcome of these courts battle can determine its long-term direction. Anyway, it can be seen from the chart that XRP loves to make big triangle-shaped pattern, mostly descending ones. And after each ones, XRP's price soared. XRP also broke its last descending triangle pattern and went upward, albeit a little. But it seems for the XRP to soar, we need to wait for the legal battle results. Let's see what happens.