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Odalisque
Nov 27, 2020 12:26 AM

XRP potentially making giant bullflag 

XRP / TetherUSBinance

Description

I noticed that the pattern XRP is making is potentially the start of a symmetrical triangle (bullflag). This would mean we are to see increasingly narrow sideways trading within the confines of this range. The time frame for this pattern to complete would be considerable, but if it is to play out this way the long/short targets would spell out with relative ease.
Comments
Odalisque


Most likely way for it to play out actually
mmzhr
thank you :)
Odalisque
@mmzhr, You're welcome mate ;]
Odalisque


From compressed to expanded
Odalisque


Final comment: Notice the similarity of these patterns or 'fractals'. Since each cycle follows the Fibonacci structure, each pattern is an expanding/compressing extension/retracement of one another.
Odalisque


Fib extended
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