The price of Ripple has created a flag pattern and an inverted head and shoulders structure in one chart with almost one move. First of all the flag pattern and inverted head and shoulders pattern may be considered here as trend continuations patterns.
The upper limit within a flag has been broken with a neckline so it can open a way to the potential textbook target located at 0,3480 USD. Previously the price had to break the nearest resistance at 0,3265.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The upper limit within a flag has been broken with a neckline so it can open a way to the potential textbook target located at 0,3480 USD. Previously the price had to break the nearest resistance at 0,3265.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
