roastednuts

XRP to 59 cents update 2

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BITSTAMP:XRPUSD   リップル/米ドル
This trade is still on for 58 cents before 28th May.

You can see another falling wedge pattern forming which further confirms my previous analysis/ Like many analysts here on Trading View we are sometimes too quick to give our idea . Watching this play out on screen gives me great confidence we will see higher values within the coming days.

The wedge is highlighted on the chart with an expected break out today or tomorrow. 58 /59 cents target based fibonacci extensions on previous move up.

A liitle reverse head and shoulders formation appeared on the hourly chart this morning and a retest of that neckline around 37.50 cents wold make another good entry for this trade.

Still long with this trade.
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