The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point.
Ref: www.investopedia.com
Trade with the larger trend, as breakouts are more likely to happen in the same direction as the prior trend.
Ref: synapsetrading.com
Ref:...
XRP is still consolidating within the triangles. Inner triangle ends 27FEB23. Outer triangle ends May 2025. Typically we dont see consolidation all the way till the end of the triangle. 2/3 of the triangle is more common.
Symmetrical triangles are thought of as continuation patterns. The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's...
I'm not a chart guy... I'm just analyzing the charts the way I've seen others do it over the years. My price targets for the next big run have been set based on this analysis.
Not financial advice.