nick.admire

$XRP Pennant Formation

Long
nick.admire Updated   
A clearly defined pennant has formed in $XRP - would look for a leg down to .74 - .75 range (buy zone) before bouncing up off of support and making a run to .86 - if this happens, pay close attention as this has been resistance for four candles yesterday. If a confirmed break-out materializes, look for the next fib up, which would be around .93

As always, this is a hypothetical, so DYOR
Trade active:
edit: should have pulled the trend line down to the end of the wick on the bottom support. we're still inside the pennant.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.