XRP Breakdown and Re-accumulation
This fractal pattern has played out 2 other times in the charts and looks like it could play out again.
Both in 2017 and in 2021 XRP broke out of is descending resistance and then started to bleed back to its trend line.
This 2023 fractal closely resembles the 2017 fractal, if we start to see a slow bleed into the 4th quarter of the year, watch for 1 strong sell wick to the down side in the accumulation zone, that will be your buy signal.
Both fractals in the past had a strong capitulation wicks which were quickly sucked back up into the tight range.
Both in 2017 and in 2021 XRP broke out of is descending resistance and then started to bleed back to its trend line.
This 2023 fractal closely resembles the 2017 fractal, if we start to see a slow bleed into the 4th quarter of the year, watch for 1 strong sell wick to the down side in the accumulation zone, that will be your buy signal.
Both fractals in the past had a strong capitulation wicks which were quickly sucked back up into the tight range.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。