InvestMate|Ripple Breaks Out Of Triangle Upwardsđź’˛
đź’˛Ripple Breaks Out Of Triangle Upwards
đź’˛Looking at the general situation on most cryptocurrencies, it's not hard not to feel an upward wave coming.
đź’˛That will also be the case on one of the more important cryptocurrencies that is Ripple.
đź’˛Looking at the formation it has formed over the last month, it is not hard to guess what this accumulation process could lead to in the future.
đź’˛Many times we have defended the support zone determined by the 0.236 level of the downward wave from the peak on 22.09.2022 to the bottom on 09.11.2022.
đź’˛The nearest significant resistance zone is the level 0.618 of the whole downward wave of the same as the support zone.
đź’˛This is where I expect the price to reach.
đź’˛The scenario I'm playing is a breakout from the triangle formation upwards and a continuation of the uptrend with reaching the resistance zone marked on the chart. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
đź’˛*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
đź’˛Looking at the general situation on most cryptocurrencies, it's not hard not to feel an upward wave coming.
đź’˛That will also be the case on one of the more important cryptocurrencies that is Ripple.
đź’˛Looking at the formation it has formed over the last month, it is not hard to guess what this accumulation process could lead to in the future.
đź’˛Many times we have defended the support zone determined by the 0.236 level of the downward wave from the peak on 22.09.2022 to the bottom on 09.11.2022.
đź’˛The nearest significant resistance zone is the level 0.618 of the whole downward wave of the same as the support zone.
đź’˛This is where I expect the price to reach.
đź’˛The scenario I'm playing is a breakout from the triangle formation upwards and a continuation of the uptrend with reaching the resistance zone marked on the chart. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
đź’˛*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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đź’˛ To keep up to date with all my activities I invite you to visit my Telegram đź’˛
đź’˛ t.me/Investmatez đź’˛
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