Symmetrical Triangle on the monthly XRPUSD log chart

As usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*

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.