HBHC ABCDE DOUBLE BOTTOM BREAKOUT PATTERN THIS IS SUCH AN INTERESTING SET-UP, BECAUSE THE ABCDE PATTERN AND THE DOUBLE BOTTOM PATTERN BREAKOUT SAME DAY. BREAKOUT: 49.38 TARGET: 56.48 (+14.4%) LOOK AT CPM BEFORE BREAKOUT. GOOD SIGNAL. SOMETHINGS HAPPENING. POSITIVE MANSFIELD. SECTOR SHOWING STRENGHT INDEX:DSBK
The Ripple(XRP) obelisk was risen on Apr 2. As banks attempt to reposition themselves competitively in the new crypto space. But a structure that size needs foundation or it will topple , and topple it did. Now to get it back up again in the direction it's going - well there's 2 options, and the foundations or fundamentals are in place for either to occur. 1. The ...
50-DMA has topped out and is now sloping downwards. The rising trend line was breached in mid-May. An attempt to take back the rising trend line failed. We also have a bearish breakdown of the triangle formation. The bearish price chart suggests bank stocks could lose altitude in the coming days. This goes will with the flattening of the treasury yield curve.
Ripple recently broke out of a triangle formation and breached through the 50 and 38% retracements along with long term support lines V and W. We met resistance at diagonal line 0 and are currently building support at line W I suspect we build some support between lines W, X and the 38% retracement, as we continue to test diagonal line 0 in zone 2