At least on the bittrex exchange we saw a ridiculously long bull wick recently on xrpeth...Afterwards we formed an equilateral triangle and both its bottom and top trendlines were drawn better by wicks than candle bodies...thus meaning we should measure the pole of the symmetrical bull pennant by the wicks as well...If this is indeed the case and we measure the pole by the wick, then that gives this bull pennant some tremendously bullish upside that could easily lead to a sustained golden cross on the xrpeth chart which no doubt if it hit that target would allow xrp to easily reclaim the number 2 spot from ethereum. I assume the wick isnt as big on other exchanges though so if thats the case this may not be a valid emtric to rmeasure the breakout target on but either way looking at the volume that came ion as we broke above the top trendline of the symmetrical triangle..it should be enough of a bullish breakout target to lead us to a potential golden cross even if we cant measure it by the poles massive bullwickm. If the golden cross is sustained I amy have to flip my eth holdings to xrp at least temporarily.
Comment:
164700 sats is the target if the wick cant be included but 260198 sats is possible if the bullwick is legit..either target takes us reasonably above the current resistance of the 1 day 200ma.