XRPcharts

#3 - XRP Short Term 1hr Chart 29th

Short
BITFINEX:XRPUSD   XRP / U.S. Dollar
With the development of a possible Bear flag we could see the converging lines fill out and then have a quick drop to $0.54 - $0.525. (Flag height method)

Expecting to find good support and bounce at the Lower Long-Term (Log Scale) bottom trend line .

Not Financial Advice. @XRPcharts project, aiming for 66% success rate or better :)

Comments

Nailed it. Very impressive. Now to see if it holds...
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XRPcharts tradeformula
@tradeformula, Hey thanks for your feedback! It was looking good there for a bit, but now we have definitely overshot the mark! Whoops. $btc has dropped 10-15% more than I expected. I though the log scale bottom lines were going to hold (by historical accounts), on all coins. No Matter still a great chance to stock up on cheap $xrp and others.
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tradeformula XRPcharts
@XRPcharts, Precisely, I've been using log scale as well. This was my analysis:



At this point, I'm reconsidering my baseline support, thinking that it might better align with the run-up through 2017 following the drop from .41, and if this is true, both in log scale and traditional scale puts us at .30 as a bottom, likely breaking out in May/June. Horrifying
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