Bull flag for XRP Ripple, great risk reward
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
A stop could be placed around 0.50 or around 0.49
Note
Zoom in of the flagNote
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 failNote
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.