gurbaazmaan

gurbaazmaan Updated 

I SEE A BULLISH PENNANT ON A DAILY XRP CHART. A BULLISH PENNANT SHOULD TAKE NO MORE THAN 3-4 WEEKS TO FORM. THE MOVE AFTER THE PENNANT IS COMPLETED SHOULD DUPLICATE THE SIZE OF THE MOVE PRECEDING IT (MURPHY, P 143). VOLUME SHOULD ALSO BE LIGHT DURING ITS FORMATION. PRICE IS SUPPORTED WELL ABOVE 50MA WITH 200 MA ACTING AS A SHORT TERM RESISTANCE. THIS IS JUST AN...