jameszilz

XRPUSD Possible Bull Pennant and RSI reset on daily chart

BITFINEX:XRPUSD   Ripple / U.S. Dollar
I am new to this so please don't take this as advice.

Looking at XRPUSD for a while, I bought a long time ago during the FOMO stage, looking to get back in and lower cost per coin average.

The daily chart appears to show a Bull Pennant has formed, the daily RSI has reset as has the 1hr RSI . It appears a long overdue increase to me, I have measured the most recent climb before the flag and it ties up nicely with the next fib retracement level and from the bottom to the top of the flag reaches the fib level beyond that so maybe an extended target.

I have set a stop loss at 10% below my purchase price which is also a previous level of support.
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