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Still Sucking on That Ripple

アップデート済

I've been waiting all day for XRP to break this continuational-accumulated flag pattern. Anyone else want some milk?

トレード稼働中

Well, the original flag pattern didn't quite go as planned, but the price action appears to be favoring the previous structure support now:

tradingview.com/chart/5g60qKSp/

Still holding strong. Trade well my friends.

トレード稼働中

This might be the last hope for the Bulls. The green support region is definitely the last line of defense or we may very well see the 55-50s range all over again.

tradingview.com/chart/5g60qKSp/

トレード稼働中

Key level of resistance that we need to plow through!

トレード稼働中

With the breakout I’m anticipating a nice inverted HnS continuation pattern; would love to see it at the 1.618:

ノート

However, those yellow and orange trendlines, respectively, are our next battles. If we surpass them, we’ll continue milking those Ripples!

トレード稼働中

Here’s the front lines; stay vigilant!

ノート

Pen’d it; with just the tip though...

ノート

Now that’s full unadulterated penetration!

トレード稼働中

Talk about a full bull rager... No contest!

Okay. Next up, these two levels of resistance. With the looks of it, just might plow through it relatively easily.

ノート

Now that the market is done with its 2PM (PST) nap and starting to crawl out of bed...

We’ve had a nice healthy pullback since; it’s tested the previous structure resistance and is reloading for another strike:

Trade well my friends.

ノート

Round two:

トレード稼働中

Well... since they just let us walk right through; let’s focus on this chunk of resistance!

ノート

This here is an exhaustive retreat; retesting the minor support levels for recouperation and reinforcements:

トレード稼働中

That was a tough battle, but unsuccessful. I’d like to see a full retrace back to the flag pattern’s major support level within the yellow ellipse; this will ensure us enough recouperation, strength, and momentum to tackle that major level of resistance above:

ノート

Hmm... maybe no need for a full retrace; the price action has stopped at our decent chunk of resistance and has formed a Double Bar reversal patterns with Close/Open of 0.715 respectively! Maybe we’ll be seeing the .80s again sooner than anticipated