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DrJLT
14. Febr. 2018 10:12

XRP bull pennant target $1.35 $1.7 Long

BITFINEX:XRPUSD60
XRP / DollarBitfinex

Beschreibung

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Hi, so I just posted a YouTube video & this is the chart that comes with it:

Ripple was the hardest hit during the bitcoin crash. With good fundamentals, it's expected that XRP should bounce hard.

We had a brief ascending triangle after hitting the bottom. After breakout, we have a bull flag, falling wedge, and now a bull pennant.

Things are looking good.

The related chart would be BTC because that's the key driver of these markets.

Kommentar

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#XRP @ripple partnership w/ @WesternUnion confirmed!

Fundamentals! Combined w/ my TA, I think even higher targets can be expected!

Kommentar

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Was doing great, then everyone started to shout long and when btc failed to breach 10k on its first attempt...

Kommentar

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not as fast as I expected, but still follows the red arrow

Kommentar

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finally moved a little.
Trend AnalysisChart PatternsTechnical Indicatorsripplerippleusdxrpxrpusd
Kommentare
gusccbb
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Hi, Any update, please. Since last week XRP is in a lateral consolidation with some support and resistance tests between EMA 50 and EMA 200 4H and falling in volume in USD. It has also lost more than 18% with respect to the BTC pair. What do you think about evolution in next days? Could it break bullish and stay in that trend? Tks
DrJLT
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@gusccbb, everyone seems to be focusing on BTC right now. xrp isn't the only one losing against it. even when btc breaks out, it's possible that everyone will be rushing to buy btc.

only after btc has finished its rally do I expect others to follow
gusccbb
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Hello, yesterday there was a short upward run and it rebounded for the second time at $ 1.16 (EMA 200 4H) and for now it can not break $ 1.13. Is this a sign of weakness that can lead to testing lower supports again? For now the previous resistance of $ 0.8 behaves as new support. Do you think that it will finally break new goals, perhaps in the $ 1.23- $ 1.4 range on this day?
DrJLT
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@gusccbb, I'll consider this a bull flag for the moment. No trades for me (sell or buy).
gusccbb
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@DrJLT, Hello, how do you see the current situation? XRP has not reacted and volume has dropped. Thank you
DrJLT
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@gusccbb, I keep my patience.
gusccbb
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@DrJLT, Like me, but being in the zone of loss does not make me feel comfortable. tks
Doc-al-Citadel
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ok i'm in
DrJLT
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@qdoc, personal opinion, not investment advice :)
Doc-al-Citadel
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@DrJLT, erm yeah well i'm mr disclaimer but i think u knew i knew that. Just wanted u to know your hard work was not going unnoticed dr ;-)
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