GoodmanSimon
Short

XRP cup and handle pattern on the back of the news yesterday.

BITSTAMP:XRPBTC   Ripple / Bitcoin
Looks like a very small cup and handle is forming from the rapid price rise on news we had yesterday.
The support line is not as clear, but this is probably because of the massive volume that we saw.

The market is probably testing the price and if we break past 0.0156 we should be in the clear for a good increase.
As soon as the volume comes back up we should see a break out.

We should then see an end to this at around 0.016 depending on the news later today.
Trade active: Well, that didn't quite go as expected, but the upward trend seems to be back on track.
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