Pip.Gawd

XRP in a Flag Pattern

Long
KRAKEN:XRPUSD   XRP
XRPUSD

Last week I mistakenly thought that XRP was forming a pennant pattern, but after some time, price has shown more evidence of a flag pattern forming. This is still a bullish continuation pattern, but we can expect to see more lows before a breakout occurs.

I would suggest loading up when price gets close to the bottom trendline, if it can reach that low. Otherwise, buy the breakout and enjoy.

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