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mzungu2017

Pennant towards 0.5 fib retracement?

XRP (BITFINEX:XRPUSD)  
mzungu2017 Updated   
BITFINEX:XRPUSD   XRP
Chart Patterns Pennant
4
1
chartpattern pennant
Looking back, one can see that the previous breakouts consolidated around the 0.5 fib retracement.
Looks like a new pennant is forming; that could give a rough indication for the scalping range:
snapshot
Comment:
Waiting for clear breakout confirmation above 2.10
Target 1: 2.45
Target 2: 3.13
www.tradingview.com/...L6a7k-Back-on-track/

Related Ideas

mzungu2017
End of pennant - waiting for breakout
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