CryptoManiac101

PENNANT CONSOLIDATION-BREAK UP/DOWN THIS MONTH - CryptoManiac101

POLONIEX:XRPUSD   XRP / U.S. Dollar
XRP / USD TA

On this chart we are looking at strong pennant which would be considered by many to be bear pattern, however since this formation of a pennant is after a strong downtrend followed by heavy consolidation phase in which we're currently in, we would aim to be bullish on this chart. Nevertheless, we may see some more downtrend action.

This pattern would be breaking to upside or downside this month - keep close look out on this one
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Related Ideas

Great analysis, have the same view on XRP, but more to the downside, check out my XRPUSD chart
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Great Chart. Check out what i just found on XRPBTC.

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