XRP to the Moon!

BITFINEX:XRPUSD   Ripple / U.S. Dollar
XRP is already up over 100% since breakout and has formed a beautiful bullish pennant .

The bottom of the pennant has been my accumulation zone, as this provides a very tight stop loss.
I am in hopes that XRP breaks the top of the pennant here shortly.

Instead of using a break in the accululation zone as my stop loss, I plan to use a break through .72. This is because I believe a fake out is likely right before the pump. Just like on the daily chart I have shown below.
IF we ever then break upward through the downward trendline , I plan to double up on my position.

First Major Target is set at $1-1.1

IF we break my stop loss I will look to re-accumulate around .6

Minor Resistance levels are also shown above.

I wish you all the best of luck!

Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Comment: Pennant Extended. Original stop of .72 still in place.
Trade closed: stop reached
Trade active: Breakouts on both USD & BTC pair.
I expect some action.
Comment: possible entry: break and close above .75
Comment: lets hope the time has come :D
and its breaking haha
oh92 nofootprint
@nofootprint, appears we have started ranging so the pennant is no longer active. current stop still remains a break .72 for myself ... plan to update here shortly
@oh92, Thanks :)
Have the same @oh92
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