botje11

Bull flag for XRP Ripple, great risk reward

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botje11 Uppdaterad   
BITFINEX:XRPUSD   Ripple
Easy trade here for XRP, Alts have finally made a break upwards (later than BTC did). It is inside a bull flag now and ready to make another jump higher. Those red areas are the targets and resistance levels. Price could drop towards 0.52/0.5150 again before going higher.
A stop could be placed around 0.50 or around 0.49
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Zoom in of the flag
Kommentera:
Not the most convincing break out, But it's has made a small bull flag, maybe volume kicks in above the previous high. otherwise chances increase the rally could fail
Kommentera:
Price seems to have been making a bigger bull flag now, or a pennant :) i don't know yet LOL. Anyway, seem thing here as with Bitcoin. We should not drop any lower because than the flag fails and a small H&S triggers lower prices

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