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scottjonline

XRPBTC flag #3 Short term bearish, Long term very bullish.

Long
XRP / Bitcoin (POLONIEX:XRPBTC)  
scottjonline  
POLONIEX:XRPBTC   XRP / Bitcoin
Trend Analysis Chart Patterns Pennant ripplebtc ripple Cryptocurrency Bullish Patterns
3
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trendanalysis chartpattern pennant ripplebtc ripple cryptocurrency bullish
If the current flag plays out as past flags have, look for a pullback consolidation to the main support trendline around the 0.5 to 0.618 fib area then on to another breakout. Also notice the trend/volume divergence. Of course with any technical analysis, it's just an edge and anything can happen. Summary: Short term bearish, Long term very bullish.
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