tradeformula

LONG Big XRP Move Incoming Pt. 5

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tradeformula Uppdaterad   
BITSTAMP:XRPUSD   Ripple
We've entered into another clear pennant- and considering we're in a bullish market for XRP, I see no direction but up. I would enter at the bottom of the pennant, and look to 1.08 - 1.15 as a target. This will complete the retracement of the dip from 1.08 over the month of March.

Beyond that, I don't know where XRP will head, but with the weekly stochastic moving upwards, the next natural target is in the neighborhood of 1.76. Ultimately I believe this will be the first step on the journey to $10 by summer.
Kommentera:
As expected, strong bullish breakout of the pennant.

Next up, 1.08 - 1.15!

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