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ParCrypto
Feb 22, 2020 6:12 PM

Falling Wedge After Falling Wedge Long

XRP / US DollarPoloniex

Description

XRP/USD is forming it's third falling wedge pattern since September. If we see a breakout of the smaller falling wedge we could see a breakout of the larger wedge. I anticipate this to happen as you can see the volume has consistently risen since December 2019. A breakout really isn't a breakout unless there is volume and that is what we have. If we can break out of the long term falling wedge, $0.60-$0.70 is the target price.

*This is not financial advice*
Comments
ParCrypto
Possible breakout on the third falling wedge.
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