Ripplebreakout
XRP PredictionI'm grabbing entries off the .786 as I expect Ripple to break out of of this consolidation period and go into a ascending triangle. I will sell my position once price hits the previous resistance. Once price breaks out of the ascending triangle I will make another entry and my target is at 0.000375
XRP consolidation period ending Here's what I see happening at the end of this massive bullish pennant (in no particular order):
1) 75 & 100 day moving averages about to cross
2) touching support - held yet again
3) touching sekou span A - usually a good sign a trend reversal is about to happen
4) Stochastic indicator showing oversold condition with imminent crossover
5) touching edge of bollinger bands
I don't see any indication we'll breakout through support.
Thoughts?