DrDovetail

XRP hitting chart pattern breakout targets exactly as predicted

Long
DrDovetail Updated   
BITTREX:XRPBTC   XRP / Bitcoin
Fantastic to see today's (November 5th) xrprice action do exaclty what I have been predicting this whole bull flag it would do. Not only did the initial breakout reach the small 4hr chart inverted h&s breakout target it then continued up after triggering the diamond pattern and on the way there found resistance exactly at the long astanding diagnoal ascending trendline (in red) before finally flipping that red line back from resistance to support and then continuing up to eventually after the fomo subsided plateau at the exact breakout target of the diamond bottom breakout. We have still yet to reach the full target of the bull flag yet consider how massive of a pole it had it was the largest breakout target..but I think we will reach that target in the very near future...maybe a brief sideways consolidation to cool down some indicators before the enxt move up to hit that target. Overall I'm very thrilled with how exact things seem to be breaking out and how much they are adhering to the chart patterns and other very important TA such as the fact that we now have golden crosses on the 1hr, most recently the 4hr chart...and the most ultimate timeframe of all for golden crosses the 1 day chart. The golden crosses are also more effective when both the 200 and the 50 moving averages are pointed upward which we are already seeing on the 4hr chart and soon should be seeing on the 1 day chart as well. Beyond TA looking at the fundamental analysis there are bullish signs everywhere as more and more major partners are revealed that are using XRP and big events such as ripple associate Ryan Zagone talking at the IMF DC fintech meeting about "major developments". Sendfriend, and seeimingly newxrp base currency exchanges being revealed on a daily basis. Plenty of reasons to continue to be bullish on xrp in my opinion but I'm not a financial advisor...so what do I know? :P Thanks for reading!
Comment:
s3.amazonaws.com/tra...shots/1/1luizwRR.png and as you can see we have finally hit the top of the bullflag breakout target with exact precision with a big wick to follow making it a wise spot to take profits unless you're a long term xrp hodler like myself...if you are going to take profits that top target would have been an ideal limit sell zone even though I expect more upside to follow eventually...time for the rsi and stoch to cool of and a consolidation period first most likely before more upside from here.
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