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YMI
Nov 11, 2018 7:50 AM

XRP Analysis 

XRP / DollarBitfinex

Description

Great pennant pattern pattern contracting on the daily chart currently. We can expect there to be a breakout in either direction most likely today or tomorrow. $.50 provides a strong support level as it is retesting the prior breakout that occurred last week. However if we break tis level we can expect a pullback to $.47 or the lower .40's shown with the green region. I believe this is a ticking time bomb as we approach the EOY.
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