Long

XRPUSD still consolidating in a 1wk bullflag w/a target of .6368

Updated

I think XRPUSD will continue to consolidate sideways for a week or 2 or 3 finding good support on the weekly 50ma...and once it nears the last 2 remaining potential top trendlines of the 1 month chart's giant descending triangle we've been in for almost 2 years(the dotted yellow line and the pink log chart line), once it nears those w will s it start to gain the momentum necessary to break out of the weekly bull flag and thus the giant descending triangle...hitting the bull flags breakout target of $.63684 cents first and then likely one of the descending triangle breakout targets depending which one is most valid.

Note

first target upon weekly bullflag breakout is 64 cents
with temporary resistance stops along the way at the .56889 and .62360 horizontals which could result in minor pull backs along the way

DrDovetail

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.