A rare look by me at the 3 hour timeframe chart on XRPUSD. I normally don’t try to chart timeframes lower than 1 day because the chart patterns have a much lower success rate of reaching their full breakout targets. However I noticed that the 3 hour charts 50ma (in orange) has held as support since November 5th and is getting close to climbing its way up out of the bullflag here. If price continues to maintain solidified support on that 50ma, then it will validate the breakout up from this bullflag in the near future which will have a breakout target of around $2.00 . Of course being a small time frame, the 3hr 50ma could also easily flip back to resistance in which case we wouldn’t validate the breakout. For now probability favors the breakout upward slightly moreso. *not financial advice*
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3hr ma has at least temporarily flipped to resistance here, however the 4hr 50ma is still holding support. Заметка
4hr 50ma held support and 3hr 50ma is back to acting as support for now.Заметка
As originally anticipated the 4hr 50ma appears to be shoving price acton up out of the flag now that it has flipped back to support. Заметка
An updated look at the 3hpur 50ma: 
Сделка закрыта: достигнута тейк-профит цена
Target hit!
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.