Chart Says it all.
Flag pattern / Symmetrical Triangle Target is the size of the base.
Flag pattern / Symmetrical Triangle Target is the size of the base.
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Alright, after multiple fakeouts we have an official break of the triangle. Wait for the pullback the confirm and then we can short... Target would be in the .33 -.35 range but I doubt it will get that low... I'll be shorting into the 40's
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Alright, short time target of .509 was hit. A strong bounce and as these things often do, this pattern has developed over time and we can now see the true shape of the Sym Tri.
Our bullish target is still the same ... ~$1.20
Just remember patience = profit
Our bullish target is still the same ... ~$1.20
Just remember patience = profit
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15M for reference
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The saga of the squeeze continues
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We have a breakout... will we get confirmation or will this be a fake out
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... A Fakeout... this is likely due to institutional profit taking on a Friday afternoon... alas the saga continues
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From fake out to break down in under an hour, absolutely catastrophic for XRP I didn't even have time or confirmation to get a trade off... So fast!
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***