This pattern is the hardest of all because there is not a clear indication relating to the price action and direction. Either way, this is a sign of impeding breakout and increased volatility.
While triple moving overages shows bias to the low and bear flags are formed this pattern indicates a volatile move is forming and completely unpredictable.
It is time to keep an eye on XRP for volatile movements.
Kommentera
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Also as a side note, the triangle formation terminal point is resting on the .50 fib of the last impulse.
Kommentera
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XRP Breaks to the Upside-!!!!
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If impulse grabs attention, then targets are 1.15, 1.22 and 1.40.
Kommentera
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XRP shows that it can play both sides of a triangle.....Key support is broken
Kommentera
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XRP continues downward. 50DMA is decaying a penny per day. If this continues, XRP will cross 100dma Wednesday next week. Interesting factoid about Wednesday, Thursday, and Friday. Their origins are Vikings for the Gods-Odin's Day, Thor's Day and Goddess Freya's day. I guess I am teachable....lol. Hail the Hodls!!!!