leanosamwinga

XRPUSD Analysis (Sun 3 May)

Short
BITSTAMP:XRPUSD   XRP / U.S. Dollar
As we can see the crypto is in an ascending channel and we recently hit the top and price is selling off as expected. If we zoom right in with a keen eye we can also spot a flag pattern . Shorting from the break of the flag is a very valid trade idea but we could hit the top of the flag before we drop, as we didn't manage to break the pattern on Friday.