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Master_of_Fine_Charts
Oct 4, 2022 10:13 PM

XRP Break Out Long

XRP / U.S. dollarBitstamp

Description

Price is testing the .38 Fibonacci level and the upper trend line of the pennant on the daily chart. The OBV is crossing over its 5EMA and the ADX is at 45 which shows a strong trend. The D+ made a trough and is moving upward.

Looking for a break out of the pennant this week for a big move up of approximately 56% with a short term target of .71 cents.
Comments
Tradersweekly
Thank you for your work. Here are my latest thoughts:
lozoot
The market is printing a penant on the chart with near perfect Fibonacci numbers as you've pointed out. Thank you.
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