Pip.Gawd

XRP in a Flag Pattern

Long
KRAKEN:XRPUSD   XRP / U.S. Dollar
KRAKEN: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.

Comments

XRP is breaking all my models, before the weekend it was a bullish triangle, after further remodeling looked like waves, now flags.... man.... im about to model on cats and moons to see if something sticks.... https://www.coindesk.com/3-dead-cats-moon-bitcoin-market-dynamics-explained/
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Pip.Gawd FelipeVargasRocha
@FelipeVargasRocha, LOL it definitely doesn't know which pattern it wants to form. I like the moon model strategy though LOL.
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