benjamintrades

XRP Bearish Flag Pattern

Short
BITFINEX:XRPUSD   XRP / U.S. Dollar
Bearish flag pattern formed on the XRP - sticking to the downside bias. We’ve broken the wedge as previously shared in last XRP idea.

It looks as though we may use the lower trend line as resistance for further downside. This correlates again with the 0.382 fib on the pull back, as well as the resistance at 0.20 & the 50EMA.

All downside for me, however this is crypto!!! Keep on top of your stops.

Comments

Looking good, I have the same idea.
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benjamintrades CharlieGeo
@CharlieGeo, Thanks again.
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