The only thing is those triangles can break both ways ... and considering the market situation right now, it might break the other way as compared to before ... meaning way down :)
AriRudd
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@Haceru, As the Shopping season selloffs are about to finish maybe it favors the bullish side of things.
Haceru
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@ArianRudd, i think it needs more than that but will see soon enough :)
@ArianRudd, I just drew up the same chart and to me it seems the triangle was broken a while ago to the sideways:
Haceru
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@ArianRudd, also, looking at the 4h chart, you can see that this triangle is not even a "flag" as the previous one - it doesn`t touch the "pole". You can also see the similarities between the two, they both end with a consolidation channel and a "squeeze" on the Bollinger Bands, meaning they need a good impulse to go either up or down (as RSI and MACD indicate, it is 50%-50%)
tradingview.com/x/T23xeIaa/[/image/
AriRudd
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@Haceru, Totally agreed on technical side however fundamentally the way Ripple positioned it self at the current market seems bullish to me.
Haceru
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@ArianRudd, a, ok ... in maybe 2 months ... agreed ... but it was about this particular triangle at this particular moment, not about something somewhere in the future :)