XRP could bounce to form a continuation phase of year long support and resistance levels of an upward bullish channel.
After initial moon
Phase 1: Consolidation (Range)
Phase 2: Breakout (Initiation)
Phase 3: Re-test (Mitigation)
Phase 4: Continuation to upside
Invalidation would be a break of structure by closing below lower support trendline of bullish channel.
After initial moon
Phase 1: Consolidation (Range)
Phase 2: Breakout (Initiation)
Phase 3: Re-test (Mitigation)
Phase 4: Continuation to upside
Invalidation would be a break of structure by closing below lower support trendline of bullish channel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.