Bull Flag - XRP
Atualizado
Here I have XRPUSDT on the 4Hr Chart in what looks to be a Bull Flag!!
Price was previously in a Strong Uptrend prior to entering the pattern.
-Price gave us 3 tests of the Falling Resistance and 2 tests of the Falling Support.
If this is in fact a Bull Flag, we should expect a Bullish Break to this continuation pattern where price should continue HIGHER!
**Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!!
-Pattern Prediction-
*If price Breaks and Closes below Falling Support, pattern INVALIDATED!
*If price Breaks and Closes above the Falling Resistance, price action will initiate my Trade Action Plan!
Price was previously in a Strong Uptrend prior to entering the pattern.
-Price gave us 3 tests of the Falling Resistance and 2 tests of the Falling Support.
If this is in fact a Bull Flag, we should expect a Bullish Break to this continuation pattern where price should continue HIGHER!
**Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!!
-Pattern Prediction-
*If price Breaks and Closes below Falling Support, pattern INVALIDATED!
*If price Breaks and Closes above the Falling Resistance, price action will initiate my Trade Action Plan!
Comentário
Starting to get some TIGHT consolidation in the Upper Channel of this Bearish Channel! We could be seeing our BULLISH BREAK SOON!!Comentário
We got the Bullish Break and a test of the Bearish Channel with price starting to work UP!
Novi_FIbonacci
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