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Ascending triangle forming - set up to breakout?
Big dippers are certainly what we are getting in the month of October!! Although the Bull Flag has failed (due to DOW dropping 800 points) the breakout could easily retrace back to 0.36 area and still remain bullish. Notice two daily bars bouncing of 0.38 - is also a bullish reversal sign. Below is what I wrote 2 weeks ago. Of the course the DOW is in the midst of ...
Symmetrical triangles usually breakout in the direction of the trend which in Bitcoins case is down. Bitcoin initially dropped through the bottom of the symmetrical triangle only to bounce hard the other way on volumes not seen since April. A failed breakouts is a strong indicator. Bitcoin should climb higher.
Ethereum is toast against XRP! Broke out of channel formed during 2018 on good volume and back to Dec highs set
in 2017. XRP currently forming a Bull flag and looks like higher prices to come for XRP should it clear the yellow box on good volume. XRP is a buy in the yellow box area.
Possible future breakout of BTC, from this symmetrical triangle once XRP truly breakouts!?
With Swell in 2 days, XRP is consolidating. Broken down trend on huge volume and is currently forming a Bull Flag on the daily chart. It is a buy anywhere in the yellow area.