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Tilen_tradershub
Jan 16, 2019 3:57 PM

XRP still above long term support trendline 

XRP / DollarBitfinex

Description

XRPUSD weekly chart still looks good. Long term trendline holds for now. Higher lows and lower highs are forming symmetrical triangle and breakout will determine next move up/down!

There are instances when symmetrical triangles mark important trend reversals, but also, they mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We are getting closer to that so stayed tuned!
Comments
R-18046
lol, funny how bad the trendiness are drawn
UnknownUnicorn3259845
What is the highest point en what is the lowest?
Tilen_tradershub
@Ar84ltc, 0.286 ST, and we need a break above 0.420
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