InvestMate|Ripple Breaks Out Of Triangle Upwards💲

8 gru 2022

💲Ripple Breaks Out Of Triangle Upwards

💲Looking at the general situation on most cryptocurrencies, it's not hard not to feel an upward wave coming.

💲That will also be the case on one of the more important cryptocurrencies that is Ripple.

💲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.

💲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.

💲The nearest significant resistance zone is the level 0.618 of the whole downward wave of the same as the support zone.

💲This is where I expect the price to reach.

💲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.

💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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