In , repetitive patterns are arguably the most valuable indicators of all. Lets take a look at a repetitive pattern, that I stumbled upon while reviewing the Ripple chart. As you can see, XRP has been trading in a rising (green dashes.) There have been three basic price waves inside of this channel, all of which have effected in the exact same way. We can see that the has risen (purple domes,) as the price waves begin, and then has fallen in a remarkably similar fashion, at the end of each price wave. This action in the shows that buyer enthusiasm is high during an uptrend, while seller enthusiasm is quickly exhausted. The trough of each dome, corresponds with a low point of price action inside of the rising . After each trough, the price of XRP has exploded to the top of the channel. If this pattern repeats itself, we are likely to revisit the top of the channel at some point — which is much, much, higher.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***