XRPUSD - Ripple has a decision to make

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
286 5
The pattern would favor a break to the upside...but with the strong recent run up and the high market cap, is Ripple overbought? (I own some XRP and hope it's not overbought and that it will break upwards--but my wishing doesn't make it so!)
own 1600 xrps, hope that puppy shoots to the moon

cheers mate!!
I want it to go to lower support so I can buy more and have it go up
More later! Woot
I see a very big bearish pennant..
sdwariz Petitboy
@Petitboy, you may be right about that. One could connect the top line of the triangle a little differently, and then the move downward from the high would be an entry point into the pennant instead of the price run up being the entry point. Doing this would make it more likely to break downward....
sdwariz Petitboy
Aaaaaannnnnnndd, @Petitboy wins the Internet! Good job :)
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