mikehill85

XRPUSD Right Angled Triangle?

BITSTAMP:XRPUSD   XRP / U.S. Dollar

Right angled triangles are typically seen in bull markets as a continuation but can also be a sign of a reversal in a bear market. They are typically seen with a contraction in volume (which we are seeing now). Watch for an upward breakout confirmed with high volume .

Comments

If the scale is hourly it's too small...look at the bigger picture.

Here is my idea
+1 Reply
mikehill85 andrei696
@andrei696, Thanks for the input. I am new to trading and very much appreciate the comments/constructive criticism.
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bear , look at rsi
+1 Reply
mikehill85 RickyParker
@RickyParker, Thanks for the input. It is much appreciated.
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RickyParker mikehill85
@mikehill85, droped already
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mikehill85 RickyParker
@RickyParker, Yes, it did.
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RickyParker mikehill85
@mikehill85, i believe it will drop to 1.25
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mikehill85 RickyParker
@RickyParker, Do you see it bouncing back up to $3.30? It seems most cryptos are doing quite poorly this week.
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RickyParker mikehill85
@mikehill85, i see bouncing up to $2.8 , if there's news maybe $3.3. Yes , after coinmarketcap.com exclude Korea everything ran bearish.
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mikehill85 RickyParker
@RickyParker, Yeah. That was a nightmare. You have to wonder if they do this stuff on purpose.
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