DrDovetail

An update of xrp’s monthly candle on the bitstamp log chart!

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BITSTAMP:XRPUSD   瑞波幣
I just did an update on this monthly log symmetrical triangle using the BTSE chart in my previous idea, but wanted to also go back to the exchange that I first posted the idea on almost a month ago which was bitstamp. Upon going back to that exchange, I discovered there were actually two potential targets to this triangle breakout. If the bottom yellow trendline is the more valid trendline for this triangle, the breakout target is around $4.90. However, if the bottom trendline to this target is the slightly lower and longer pink trendline, then the breakout target is $7.10! Either way, we have only just begun to pump and it appears like a new all time high should be happening in the not so distant future for xrp!! Next big resistance to watch is gonna be the monthly 50ma(in orange) *not financial advice*
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