Hey there, Binance Square family! 👋 Let's dive into some exciting technical analysis on XRPUSDT.
What's Poppin'?
We're currently witnessing a bullish flag pattern formation on the 4-hour chart. 🧐 This pattern is created by a sharp price move followed by a period of consolidation within parallel trend lines.
What to Watch For:
* Breakout: The price has already broken out of the flag pattern to the upside. 🎯
* Retest: The price has successfully retested the previous resistance level (now support) at 1.95.
* 100 EMA Support: The 100 Exponential Moving Average (EMA) is providing support for the flag pattern, adding another layer of bullish confirmation.
What's Next?
Given this bullish flag pattern and the strong support levels, we can expect a potential bullish move in XRPUSDT in the coming days.
Let's Chat!
If you have any questions or want to discuss this further, feel free to drop a comment below. 💬
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
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