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XRPBTC: Falling Wedge Repeats For Fourth Time

POLONIEX:XRPBTC   XRP / Bitcoin
Since 2016, XRPBTC has printed a falling wedge pattern before every major break to the upside. Also, the wedges have risen up on the chart from the first to the current fourth wedge XRP is in. This is very interesting.

On the RSI , I have drown the trend lines that make up the pennant formation XRP has been creating the last 28 months.

XRP has really made some ground in the actual business aspect of a cryptocurrency. This is something to look at. You can even think of it as a stock for RIPPLE the business that provides financial solutions through xRapid , xVia and xCurrent. Keep in mind that 99% of the cryptocurrency on the market is not making real world progress with paying customers.

These past few months have been the most bullish ones I have seen since the two years I have been in this space. Keep that in your analysis.

Please share comments below.
it's almost as if the only price structure in crypto is a pennant pattern lol Good find!
+1 Reply
Hey, i have seen your comment on my post, right now after reading this magnific post I definetly agree with you, I am expecting a big spike up with some cryptos due to many reasons, but with your analisys now i see it even more clear and with more objectivity.
+3 Reply
Nice chart, I like it.
+2 Reply
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