DrDovetail

Xrapid live! 2 bullish long targets + golden cross symmetry

BITFINEX:XRPBTC   리플 / 비트코인
With the Garlinghouse announcement at SWELL that Xrapid is now live, the probability of this ascending bull pennant breaking up just increased tenfold. The breakup target from the pennant is the first green target the second is the target from the breakup of the old weekly descending triangle pattern we already broke out of. One thing in particular to take note of is the current trajectory of the 50ma and 200ma (in blue and orange) and how they symmetrically match the ascending triangle pennant but also the apex of the pennant is set to occur at precisely the same time as the golden cross of those 2 moving averages. Because of this I think the golden cross can likely occur at the same time we break out upward from the current ascending triangle. We will likely break upward from it sooner than the apex with the current bullish news, but if not I foresee us breaking upward by October 17th. From there we may see a retracement once the first target is hit, or we may just have a parabolic rise all the way to the second target...I would prefer a healthy correction between the 2 targets though to sustain the gains. If we just go parabolic the whole way we may experience a big dip to follow. So lets hope for a steady non parabolic moon.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.