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zcong1991

[1-hour chart analysis] XRP Bullish Flag Long setup TP $1.8

Long
XRP (BITSTAMP:XRPUSD)  
zcong1991  
BITSTAMP:XRPUSD   XRP
Trend Analysis Chart Patterns xrp xrpusd Cryptocurrency ripple
14
2
trendanalysis chartpattern xrp xrpusd cryptocurrency ripple
XRPUSD
  • Price broke out of Bullish Flag
  • Likely to retest to descending trendline as resistance turned support (but may not happen)
  • TP using length of flag pole and projecting it from the breakout point
  • SL at 1.30 (base of the flag) - 1ATR
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