Hello, TradingView Family. ๐ฅ Trade that makes you millionaire. There is an amazing formation on Ripple coin. Read completely and you will get why this formation is amazing.
First reason1๏ธโฃ There is a symmetrical triangle on big frame. There was a strong bullish sentiment. That's why it could be a really good signal for buyers. According to Elliott Waves theory, the price just made Wave E and now is heading to the breakout.
Second reason2๏ธโฃ There is a reversal โHead and shouldersโ formation on a bigger frame, which is a strong signal for bulls.
Third reason3๏ธโฃ Moreover, there is a continuation pattern- โCup and handleโ on an uptrend.
So follow this chart and look for the breakout carefully.
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