XRPLong
Update to the bull flag
Updated
Well.. right after I posted the bull flag on the 1D chart (a few hours ago), BTC dumped and this impacted the whole market. However, I want to point out that the bull flag pattern observed on the 4H chart a few weeks ago (see my past ideas) seems to be repeating on a larger scale. XRP price just bounced off EMA20, which is something we have seen 3-4 times while the price was oscillating in the pennant (on the previous flag)
I am starting to think the 4H chart flag we had 2 weeks ago is now repeating on a larger scale, with the exact same behavior. If the past is garant of the future, then when EMA50 enters the flag, we could see a breakout of this one, as this is exactly how it happened last time. If this turns out right, then this is fractal behavior.
I am starting to think the 4H chart flag we had 2 weeks ago is now repeating on a larger scale, with the exact same behavior. If the past is garant of the future, then when EMA50 enters the flag, we could see a breakout of this one, as this is exactly how it happened last time. If this turns out right, then this is fractal behavior.
Note
not a lot of room left.... I think BTC has a similar flag pattern as well.. but has more room for a few days still.. We might be waiting a bit longer cause .. as we know.. XRP is tied to BTC for now still. the low volume makes me think we may be waiting for BTC's golden cross on 1D to happen and for BTC to breakout as well. (unfortunately)
Note
We just broke out of the bull flag on the 1 day chart. target: 1.30$
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