owltrad3r
Short

XRPUSD forming a Bear Pennant. Waiting for the confirmation.

BITFINEX:XRPUSD   Ripple / U.S. Dollar
I´ve been look at the XRP the whole day trying to see what they´ve up too for another run or for a trap. Looks like the Bear Pennant has been formed.

Ill keep u updated guys.
Im bearish on xrp for short term but long in short future. I thought the breakout was about to happen yesterday but doesnt look like it ! What do you guys think, i notice a small loss of momentum.
Reply
It looks more like a bullish pennant, look in the steep uptrend at the end of the year 2017, always after a run it went down a liitle bit and formed a pennant and went then a big step more up. But i just also saw in downtrend it formed several "bullish pennants" and it went down. So lets hop the bear ended his chapter and bulls write the future.
+1 Reply
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