What's up you guys, I have a very important update regarding XRP.
As some of you might be aware, we are currently in a huge bull flag on the four hour chart.
XRP just touched bottom of this flag before making a nice and quick bounce off of it, (very bullish movement).
In the chart above, I've pointed out some important things to take note including the trend lines of the bull flag (black lines), and a potential time I think we could see a break upwards out of the pattern, (between 5am and 9am (Pacific Standard Time).
Of course, there is a chance that we start forming another red candle at 1am in which case we would have a complete cross of our EMA's followed by a correction down to probably 1.11 however we are currently sitting on a very strong support and Fibonacci level of 1.33
Eyes open around the close of the current 4hr candle and the open of the next candle.
Stay tuned for updates! :)
As some of you might be aware, we are currently in a huge bull flag on the four hour chart.
XRP just touched bottom of this flag before making a nice and quick bounce off of it, (very bullish movement).
In the chart above, I've pointed out some important things to take note including the trend lines of the bull flag (black lines), and a potential time I think we could see a break upwards out of the pattern, (between 5am and 9am (Pacific Standard Time).
Of course, there is a chance that we start forming another red candle at 1am in which case we would have a complete cross of our EMA's followed by a correction down to probably 1.11 however we are currently sitting on a very strong support and Fibonacci level of 1.33
Eyes open around the close of the current 4hr candle and the open of the next candle.
Stay tuned for updates! :)
