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benjamintrades
18 de Abr. de 2020 14:36

XRP Bearish Flag Pattern - Great Deal Of Confluence Corto

XRP / DollarBitfinex

Descripción

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.
Comentarios
Charl13Scrutton
Great analysis Benjamin.
VincePrince
Thanks for sharing, I see it similarly
benjamintrades
@VincePrince, Cheers for the comment Vince, it seems great minds do think alike! Let's hope we're correct.
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