InvestMate|Ripple Breaks Out Of Triangle Upwardsðē
ðēRipple Breaks Out Of Triangle Upwards
ðēLooking at the general situation on most cryptocurrencies, it's not hard not to feel an upward wave coming.
ðēThat will also be the case on one of the more important cryptocurrencies that is Ripple.
ðēLooking at the formation it has formed over the last month, it is not hard to guess what this accumulation process could lead to in the future.
ðēMany times we have defended the support zone determined by the 0.236 level of the downward wave from the peak on 22.09.2022 to the bottom on 09.11.2022.
ðēThe nearest significant resistance zone is the level 0.618 of the whole downward wave of the same as the support zone.
ðēThis is where I expect the price to reach.
ðēThe scenario I'm playing is a breakout from the triangle formation upwards and a continuation of the uptrend with reaching the resistance zone marked on the chart. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðēLooking at the general situation on most cryptocurrencies, it's not hard not to feel an upward wave coming.
ðēThat will also be the case on one of the more important cryptocurrencies that is Ripple.
ðēLooking at the formation it has formed over the last month, it is not hard to guess what this accumulation process could lead to in the future.
ðēMany times we have defended the support zone determined by the 0.236 level of the downward wave from the peak on 22.09.2022 to the bottom on 09.11.2022.
ðēThe nearest significant resistance zone is the level 0.618 of the whole downward wave of the same as the support zone.
ðēThis is where I expect the price to reach.
ðēThe scenario I'm playing is a breakout from the triangle formation upwards and a continuation of the uptrend with reaching the resistance zone marked on the chart. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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