DrDovetail

Weekly xrpusd log chart has a massive cup and handle!

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BITSTAMP:XRPUSD   リップル/米ドル
If we can do measured moves for cup and handles on log charts the same way we do them on linear charts then this cup and handle has a breakout target of $42 which is absolutely massive. I need some confirmation that the moves can be measured the same way before I get too overly excited about this c&h i just found on the log chart. However I did back test the previous 3 bull flags on this log chart that immediately preceded this cup and handle and I was able to measure them the exact same way as I would on a linear chart so that gives me hope this $42 target is actually possible. I’m sure we will find out soon enough(within the next 3 months to a year)
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