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Showing posts with the label symmetrical triangle pattern

Technical analyst reveals XRP short-term price targets 

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XRP has been consolidating for over a month following a significant rally, with technical Analysis suggesting that the cryptocurrency may soon test key resistance levels, paving the way for a potential breakout.  Notably, an Analysis by RLinda highlights that XRP is forming a symmetrical triangle pattern, a technical setup often indicating a continuation of the prevailing trend. Technical analysis — A bullish breakout in the making RLinda’s Analysis highlights that XRP’s symmetrical triangle pattern indicates a consolidation phase where the market is building momentum.  Picks for you Economist warns U.S. financial deterioration has begun, projects a Black Swan event 3 mins ago Sui founder reveals the next AI ‘big o...

Here’s Bitcoin’s new bullish target as key price levels emerge

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Bitcoin (BTC) is currently consolidating above the $60,000 mark, but there is overall market uncertainty regarding its future direction. In this regard, crypto analyst The Moon , based on technical indicators, painted both a bearish and bullish picture for Bitcoin in an X post on August 14. The analyst noted that Bitcoin is trading within a large symmetrical triangle pattern on the one-hour chart. This common chart formation typically precedes a breakout, with the price moving sharply toward the breakout. Bitcoin has been trading within converging trendlines, indicating a potential upward or downward move. Picks for you Trading expert warns Bitcoin could still fail to break this resistance 1 hour ago $2.8 trillion Goldman Sachs discloses m...