Bearish Pennant for #XRP

4 août 2019

This is a daily look at XRP. The interesting note is is that over the past few weeks it has touched .29 and bounced back up into the low .40cent area. Being at .31 now, and having recently been at .29, .31 doesn't seem like a bad entry up to .40ish. I am skeptical of the "moon" claims after SBI going live. I do think use provides value, though. I don't know enough about SBI or any of the details to give any more of an opinion than that. Looking at the chart, and noting the .29 and .40 cent areas, I think it's possible this could repeat. However, given the Bearish Pennant, this could also tumble below .29 ...

4 août 2019

Note

Also, someone asked why I don't use wicks to form my lines. One reason only: Wicks are just trading range. You're able to relatively accurately predict movement with wicks, the open/close is more important to me for trend lines. Different strokes, for different folks.