Analyst: XRP Bull Run a Week Away as It Completes Bullish Technical Pattern
XRP’s price action has been similar to how it has been for the past couple of years, with it consolidating in the mid-$0.20 region while being wholly unable to garner any type of sustainable trend. This consolidation phase has come about despite the strength seen by Bitcoin and the rest of the crypto market. Much […]
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Crypto analyst Mikybull Crypto has identified a bullish pattern that can send the XRP price to new highs. This comes amid the growing increase in the investors’ bullish sentiment towards the XRP token. Bull Pennant Pattern Forms On XRP’s Chart Mikybull Crypto stated in an X (formerly Twitter) post that XRP has formed a bull pennant continuation pattern on the daily chart. The analyst added that the “breakout will be massive,” with XRP set to rise above $1 based on the chart he shared. Mikybull Crypto seemed really confident that XRP would rise to such heights, as he claimed that....
A bull flag pattern resembles a flag on a pole and appears when a cryptocurrency is experiencing a significant price rise. Many security price forecasters use technical analysis, sometimes referred to as charting. However, they opt to reject the efficient markets hypothesis (EMH) altogether. The efficient markets hypothesis (EMH), also called the Random Walk Theory, is the idea that current securities prices accurately reflect the information about the firm’s value. Therefore, it is impossible to make excess profits using this information, or gains that are greater than the overall market.....
Bitcoin price is at a crossroads, either ready to fall into the troughs of a bear market, or blast off and show the world the bull run has yet to officially end. But which is it? No one truly knows, but a technical pattern and the psychology behind it could reveal the potential outcome ahead of time. Could a potential bull flag forming on daily timeframes confirm, and lead to what is ultimately the checkered flag of the current market cycle? Let’s examine the bullish chart pattern. What Is A Bull Flag? Bitcoin Price Pattern Targets New All-Time Highs Technical analysis is the study....
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