リップル／米ドルロング
BULLISH FLAG - POSSIBLE BREAKOUT
As illustrated, the market is holding a bullish structure (flag), and within it an inverse Head & Shoulders.
If price manages to hold and break the resistance trend line of the flag, you could expect price to expand the same distance as the stick of the flag; that means the first expansive move before the formation of the flag. - Illustrated in blue arrows.
It seems that crypto news will continue to come out strong and positive for the industry and the general crypto market, and so I personally don't think the bull run is over at all; as a matter of fact, I strongly believe it's only getting started.
Price must respect the invalidation level I illustrated in red line for this idea to hold on the long run.
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GOOD LUCK!
If price manages to hold and break the resistance trend line of the flag, you could expect price to expand the same distance as the stick of the flag; that means the first expansive move before the formation of the flag. - Illustrated in blue arrows.
It seems that crypto news will continue to come out strong and positive for the industry and the general crypto market, and so I personally don't think the bull run is over at all; as a matter of fact, I strongly believe it's only getting started.
Price must respect the invalidation level I illustrated in red line for this idea to hold on the long run.
--
GOOD LUCK!
ノート
A illustrated, price seems to have broken out of the bullish flag.
Now, it should be a matter of time before the continuation impulse to the upside, toward the $2.800 - $3.000 price range, and if it breaks it, it should move the same distance as the first impulse before the flag.
ノート
4H bullish candle hints volume and strength to the upside!
The illustrated area is holding after a successful breakout of the flag.
It's a matter of time to see the next expansive move toward $2.800 - $3.000 initially.
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