Xrp moving above highest top trendline of linear triangles

2024年11月25日

These triangle trendlines are most accurate looking on the monthly chart. I wll also post a weekly timeframe version of this chart and a daily time frame version thats zoomed nto the top green trendline so you can see how we have 3 consecutive daily candle closes above this extremely pivotal trendline and now officially have closed one weekly candle close above it too. Seeing as how the trendlines of the green triangle seem most valid on the monthly time frame however, i think the most important candle close will be once we have a 1 month candle closing a portion of the candles body above the line and the follow up monthly candle also holds the line as solidified support. This is such a major trendline to flip to support and as you can see, the breakout target for the green triangle of $3.75 is actually right around the same breakout target as the yellow triangle of $3.70 that’s very strong bullish confluence that should help increase the probability of hitting those targets as it has twice the bullish momentum potential as just one of the patterns would have. *not financial advice*

2024年11月25日

註釋

Here is a zoomed in look at the weekly candle close we just got above the green triangle’s top trendline:

2024年11月25日

註釋

Even though this is the highest trendline on the linear chart, on the logarithmic chart it is still above current price action, so clearing that logarithmic trendline height and flipping it to solidified support will truly be the last hurdle that has kept xrp’s price at bay for 7 years.

2024年11月30日

交易進行

Well on our way to the target now a little over halfway there.

2024年12月1日

註釋

Getting an opportunity to retest the green line as support before heading to the target would be an excellent chance to add to a long position but definitely doesn’t seem like the most probable opportunity to occur.