📢 Are we witnessing a bullish breakout? The bullish flag pattern is being tested! 📢
🔹 The formation of the bullish flag pattern indicates the possibility of a continuation of the upward trend, as the price moves within a temporary downward channel before resuming its rise.
🔹 Decisive point: The price is still maintaining its position above the 200-day moving average, which is a key support level for the continuation of the bullish momentum.
Potential scenarios:
✔️ In case of a breakout upwards: We may witness a strong upward wave pushing the price towards new levels.
❌ In case of closing below the 200-day average: A deeper correction may occur before resuming the rise.
🔥 What do you think? Will the price break upwards and continue to rise?
✅ Yes, the upward trend is still strong
❤️ Not sure, we need more confirmation
❌ No, a downward break may be a negative signal
💰 $XRP
