easonjm11

XRP/BTC - Bat Formation Reversal

Long
BITSTAMP:XRPBTC   XRP / Bitcoin
XRP/BTC has been working downward for awhile now. Since November, XRP has been forming a massive Bat Pattern, sometimes considered a bullish reversal signal. This Bat formation also sits inside a huge triangle formation that XRP has been in since Dec. '17. Things are looking pretty good for XRP. XRP has had a tough couple of months consolidating and further consolidating. XRPUSD is very strong at .30, and XRPBTC has major support @ 7000 satoshis. A major move upwards could be in the mist. first target is 7250 satoshis, then 7000. A hard bounce off 7000 satoshis would be ideal to start a new chart structure.
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