Huge Premature Long-Term Ascending Triangle on XRP
A huge ascending triangle on the
XRPBTC
monthly chart. So far, the bottom side supported two times and the top resisted two times. So we still need to see a third touch on the top as well as one on the bottom so that the triangle establishes itself. And even if we do see those touches, we might never see this triangle break to the upside before September 2021, so that's a long term insight. Another thing is that
XRPBTC
has seen volatile spikes and the top of the triangle might be difficult to place precisely. Let's see if the triangle keeps intact for the next three years.
XRPBTC
monthly chart. So far, the bottom side supported two times and the top resisted two times. So we still need to see a third touch on the top as well as one on the bottom so that the triangle establishes itself. And even if we do see those touches, we might never see this triangle break to the upside before September 2021, so that's a long term insight. Another thing is that
XRPBTC
has seen volatile spikes and the top of the triangle might be difficult to place precisely. Let's see if the triangle keeps intact for the next three years.
Order cancelled:
Triangle broke. Was indeed a premature triangle.