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YEHOK
Sep 15, 2019 3:07 PM

XRP UPDATE BULL FLAG WEAK? 

XRP / United States DollarCoinbase

Description

XRP attempted to break this flag formation twice with no conviction. The result was a breakdown of the range bound trading and a move to the 200 EMA on the 15 minute chart and perhaps final support point of this down-sloping channel. We will need to reverse back up strong if the long awaited $0.27 target will ever be seen. If the Flag fails will should see price return to $0.25.

Feel free to leave a comment ! Let me know what you think !

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0.618 support

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0.382 support

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4 H timeframe

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Approaching critical resistance!

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Breakout seems suspect at the moment

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Comments
RollingHavoc


Only time will tell...
TriTDX
It just looks to me like volume is lacking.
YEHOK
@dsawicki73, volume tends to slow down at the end of consolidation patterns right ? Maybe it’s gearing up?
TriTDX
@YEHOK, Depends on which side is pushing or pulling hardest ;-)
RollingHavoc
boring... but accurate! haha
YEHOK
@gjs177, Thanks for the comment friend! I wish the charts were ALWAYS exciting!
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