롱

Still Sucking on That Ripple

업데이트됨

I've been waiting all day for XRP to break this continuational-accumulated flag pattern. Anyone else want some milk?

액티브 트레이드

Well, the original flag pattern didn't quite go as planned, but the price action appears to be favoring the previous structure support now:

tradingview.com/chart/5g60qKSp/

Still holding strong. Trade well my friends.

액티브 트레이드

This might be the last hope for the Bulls. The green support region is definitely the last line of defense or we may very well see the 55-50s range all over again.

tradingview.com/chart/5g60qKSp/

액티브 트레이드

Key level of resistance that we need to plow through!

액티브 트레이드

With the breakout I’m anticipating a nice inverted HnS continuation pattern; would love to see it at the 1.618:

노트

However, those yellow and orange trendlines, respectively, are our next battles. If we surpass them, we’ll continue milking those Ripples!

액티브 트레이드

Here’s the front lines; stay vigilant!

노트

Pen’d it; with just the tip though...

노트

Now that’s full unadulterated penetration!

액티브 트레이드

Talk about a full bull rager... No contest!

Okay. Next up, these two levels of resistance. With the looks of it, just might plow through it relatively easily.

노트

Now that the market is done with its 2PM (PST) nap and starting to crawl out of bed...

We’ve had a nice healthy pullback since; it’s tested the previous structure resistance and is reloading for another strike:

Trade well my friends.

노트

Round two:

액티브 트레이드

Well... since they just let us walk right through; let’s focus on this chunk of resistance!

노트

This here is an exhaustive retreat; retesting the minor support levels for recouperation and reinforcements:

액티브 트레이드

That was a tough battle, but unsuccessful. I’d like to see a full retrace back to the flag pattern’s major support level within the yellow ellipse; this will ensure us enough recouperation, strength, and momentum to tackle that major level of resistance above:

노트

Hmm... maybe no need for a full retrace; the price action has stopped at our decent chunk of resistance and has formed a Double Bar reversal patterns with Close/Open of 0.715 respectively! Maybe we’ll be seeing the .80s again sooner than anticipated