As BTCUSD is yet to make a big move to one direction, Altcoins are taking the advantage to make a new move from their low price.
On the daily time frame, the price chart of XRPBTC is currently testing the resistance on a bullish reversal chart pattern called THE DESCENDING TRIANGLE CHART PATTERN.
A classical pattern with a well-defined horizontal boundaries, several test of the pattern boundaries(mostly the resistance).
Price must touch one trendline at least three times, the other at least twice, forming distinct valleys and peaks. Breakout upward 63% of the time and 62% of the way to the triangle apex.
Needs to breakout of the horizontal boundary, Breakout price and major resistance ahead are as follows:
Breakout: 0.00002588sats
Resistance 1: 0.000026403sats
Resistance 2: 0.000026866sats
Resistance 3: 0.000027571sats
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
On the daily time frame, the price chart of XRPBTC is currently testing the resistance on a bullish reversal chart pattern called THE DESCENDING TRIANGLE CHART PATTERN.
A classical pattern with a well-defined horizontal boundaries, several test of the pattern boundaries(mostly the resistance).
Price must touch one trendline at least three times, the other at least twice, forming distinct valleys and peaks. Breakout upward 63% of the time and 62% of the way to the triangle apex.
Needs to breakout of the horizontal boundary, Breakout price and major resistance ahead are as follows:
Breakout: 0.00002588sats
Resistance 1: 0.000026403sats
Resistance 2: 0.000026866sats
Resistance 3: 0.000027571sats
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.