XRPDiupdate 4 potential shorter timeframe triangles on rep 1wk log chart
My previous chart idea which I will link to below showed the monthly timeframe logchart of the 2 potential larger triangles xrp has been consolidating in, so I wanted to also follow that up with a weekly chart timeframe of the the 4 potential smaller triangles we have also been consolidating in so I can eep track of their progress as well. All the potential measured move ines here have been randomly placed so of course where ever it does break upward will likely be slightly different and will only require I readjust those measured move lines slightly at that point only changing their price targets slightly. *not financial advice*
Catatan
Last wick resistance was precisely on the top trendline of the yellow triangle. Hopefully the weekly 50ma(in orange)will hold support and provide the momentum needed for price action to finally break above it. If it holds support odds are good we should see a break above the yellow top trendline within 4-5 more candles. Catatan
We have a sizable green candle now poking above the top trendline of these potential triangles right in the epicenter of where all 4 dotted measured move lines converge, which you can see if you click play. 2 of the measured move lines are placed precisely at the breakout point here the purple one that leads to the 4.18 price target and the green one that leads to the 6.89 target. However the other two targets are still valid but their measured move lines would need adjusted slightly lower which would simply decrease their overall price target slightly, likely by not even more than a penny. Very exciting sign here. If the weekly 200ma stays solidified support we should see the breakout validated in the near future. Catatan
So fin clicking play on this one and watching price action erupt right on the epicenter of all the measured move lines like a geyser or caldera. Catatan
Quickly approaching the 1st yellow breakout target.Trade aktif
Super close to reaching the yellow breakout target. Catatan
Some sort of autocorrect changed the XRP in the chart title to rep. Hopefully it doesn’t confuse too many peopleCatatan
If you were to readjust the dotted yellow measured move line down to where the breakout actuallly occurred, then odds are good we have already hit that target. Catatan
Even without readjusting it, the yellow target has now definitely been hit.
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