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AlanSantana
Jul 14, 2020 11:41 PM

Ripple (XRP) Bullish Flag Daily Long

XRP / BitcoinBinance

Description

The daily chart is really strong for cryptocurrency, signals coming up on this timeframe can be taken seriously.

Ripple (XRPBTC), broke above EMA10 and EMA50 with good strength and volume, and it continues to consolidate above these levels.

Right now we have the classic bullish flag pattern which can lead to additional growth.

Conditions for change
If prices for XRPBTC move and close below EMA50, the above pattern is invalidated and a new analysis is needed.

Thanks a lot for your continued support.

Namaste.
Comments
eveltonmatos
Good morning teacher
Do you think there is a solution for XRP or are we going to enter a bearish channel again?
z_hq
nice and clean analysis--thanks
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