ElmoX

Barrel breakout in sight 15.30 - 19.00 CET

BITFINEX:XRPUSD   Ripple
It is the 3rd time I try this and it worked pretty well each time on both XRP and IOTA.

Once you draw the flag you draw the barrel which will take medium top and bottom trend line. When top and bottom flag lines meet top and bottom average range you can draw the end of the barrel which will indicate the breakout.

Not sure this pattern exist but if the idea is right, it is more accurate for predicting breakout since most flag pattern indicates breakout at the end which depending on trend can happen earlier or later. Food for thoughts.

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