Hi friends! I hope you're all enjoying this beautiful new era in price appreciation for crypto. Looking at the 4 hour chart for XRP, you can see that after it rallied 248%, it has basically formed a bullish consolidation. Analyzing the consolidation, you can see that XRP has printed a bullish falling wedge (in blue.) Additionally, XRP has broken out above the upper resistance of the falling wedge, and has also held it as support. So, this is evidence that the consolidation could be nearing an end, and that XRP will likely return to the upside.
Now, if we flipped over to a daily chart, this entire pattern would be easily identifiable as a bull flag. However, it isn't just ANY bull flag — no — this is a gargantuan, 250% bear slaying rocket flag. If the flag plays out to the upside (as we know not 100% of all bull flags do) the target is at 1.20. That's 100% higher than where we are now. Not only do I think it's possible, I think it's inevitable. Bitcoin has clearly demonstrated where this market is heading, and it's much much higher. Even, if we consolidate, pull back, do a backflip, whatever, the stage is set. This is what we've been waiting for. To everyone who has followed me over the past few years, I love you. Now let's get what we've earned!
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
Now, if we flipped over to a daily chart, this entire pattern would be easily identifiable as a bull flag. However, it isn't just ANY bull flag — no — this is a gargantuan, 250% bear slaying rocket flag. If the flag plays out to the upside (as we know not 100% of all bull flags do) the target is at 1.20. That's 100% higher than where we are now. Not only do I think it's possible, I think it's inevitable. Bitcoin has clearly demonstrated where this market is heading, and it's much much higher. Even, if we consolidate, pull back, do a backflip, whatever, the stage is set. This is what we've been waiting for. To everyone who has followed me over the past few years, I love you. Now let's get what we've earned!
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-