3 Cryptos That May Give a Possible Breakout 

In this blog, we have started a weekly series where we will publish a weekly blog on some Cryptos, NFTs charts that may give a possible breakout after a long consolidation.

Some chart patterns are highly predictive in nature and we will keep you posted in advance when a particular chart pattern seems to get completed.

This week we have found out the following stocks.

#XRP

It has corrected a lot and consolidating for quite a long time. On the daily chart, the symmetrical triangle seems to be complete. The RSI has also relaxed from the overbought level.

xrp

 #Cardano

After sharp correction, it seems to complete the symmetrical triangle pattern. It is a classic case of value migration.

There is a good possibility of giving a sharp breakout in the upper side. The RSI is also at 47 which is near the mean. The risk-reward ratio is highly favourable at this stage. The long Allegator lines seem to stick with each other, which may be a possible indication of the end of consolidation.

# BNB (Binance Coin)

The descending triangle pattern seems to be on the verge of completion after sharp correction. The price has also started moving in the upward parallel channel. The alligator channel seems to be opening its mouth to devour any selling that comes its way to move upwards.

Also Read: Dogecoin Price Chart Analysis: Ready to Fly? 

Also Read: Bitcoin (BTC USD) Technical Chart And Price Analysis For This Week

Vikash Kumar

An investor with more than 15 years of experience in the market. I m deeply interested in positional and momentum-based trading strategies and love learning strategies and backtesting.

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