Pip.Gawd

XRP in a Flag Pattern

Long
KRAKEN:XRPUSD   XRP
XRPUSD

Last week I mistakenly thought that XRP was forming a pennant pattern, but after some time, price has shown more evidence of a flag pattern forming. This is still a bullish continuation pattern, but we can expect to see more lows before a breakout occurs.

I would suggest loading up when price gets close to the bottom trendline, if it can reach that low. Otherwise, buy the breakout and enjoy.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.