Alikze »» XRP | Rising triangle pattern
2024-09-30

🔍 Technical analysis:  Rising triangle pattern
 

- It is in the supply zone in the daily time frame.

- An ascending triangle is now formed.

- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.

- After the failure of the supply area, it can continue its growth until the next supply area.

- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of ​​one dollar.

- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.

💎 Alternative scenario:  In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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