Open:
High:
Low:
Close:
PENNANT
Ripple
XRP/USD
1H
It looks like a pennant is close to being finished, xrpusd asks for a next strong move as proof of a breakout.
A pennant provides a useful signal that can be used to predict a next move up once price breaks out.
Xrpusd to peak to the 1.095 mark on a breach of 1.09 as bulls lurking in demand zone.
BEARISH FLAG
Ripple
XRP/USD
1H
There is a bearish flag noticed.
A bearish flag is a specific price action formation that has an upward slope that indicates a next move down in case if price breaks through the support.
Xrpusd risks extra losses to 1.085.
PENNANT
Ripple
XRP/USD
1H
It looks like a pennant is almost finished and xrpusd lacks a bit more consolidation as a sign of a breakout.
A pennant often spots the bears have run out of steam if price breaks out.
Xrpusd points to the upside towards 1.095 on a breakout of the pennant as the mood may improve.
BULLISH FLAG
Ripple
XRP/USD
1H
As we can see the price sets up a bullish flag and xrpusd wants a more active move to confirm bullish flag breakout.
A bullish flag represents a useful bullish indicator that typically signals a tendency to break in the opposite direction if price breaks above resistance.
Xrpusd looks north towards the 1.1 level.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel happens.
A descending channel denotes a useful bullish formation that is angled down that typically results in a bullish price action when price breaks out.
Xrpusd to continue the appreciation trend to the 1.09 level while above 1.086.
ASCENDING CHANNEL
Ripple
XRP/USD
4H
An ascending channel is close to being completed.
An ascending channel denotes a useful formation with an upward bias that can be used to identify that the price to go short when price breaks out to the the downside.
Xrpusd to extend its slide towards the 1.06 mark.
สี่เหลี่ยมผืนผ้า
Ripple
XRP/USD
1H
There is a rectangle revealed and xrpusd demands a strong move for clear breakout confirmation.
A rectangle often results in extending an downtrend if price breaks below support.
It is not ruled out that a bearish move towards the 1.1 level will happen on a downside break as there is a chance for a downside correction.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
The price completes an ascending channel and the price requires a further steady move as proof of a breakdown.
An ascending channel depicts a compelling bearish price action indicator that can be used to indicate a breakdown is likely to occur in case if price breaks down.
Xrpusd to maintain its negative tone to the 1.105 level.
สี่เหลี่ยมผืนผ้า
Ripple
XRP/USD
4H
A rectangle is found and xrpusd lacks a bit more consolidation as proof of a breakout.
A rectangle typically spots that the price to go long if price breaks through the resistance.
There is a probability of a rangebound to 1.13.
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