Proncs

XRP Quick Pattern looks interesting

BITSTAMP:XRPUSD   Ripple / Dollar
198 3 4


Hey guys, I know this chart isn't much in-depth, just pointing out a pattern that looked interesting. The points that I picked out on the chart are labeled "1" and "2", and the underlined candles is what i found interesting. So the first pattern "1" jumped up to around $2.37 before seeing a fall to around $1.62. However, the part that is interesting is what is circled in the picture. Figure "1" seems to form this pattern around $1.88 and pushes up to around $2.02, before pulling back to around $1.86. After this slight pullback XRP climbs to $3.15. Figure "2" it seems that we have had that big dip from $3.15 to $2.51. Now it seems like we are going through that small gain and drop (Also circled) similar to figure "1". If this pattern continues we could see XRP drop to around the $2.55 mark, before slingshot upward to the $3+ mark. Once again, this is just the pattern that I observed, could be totally wrong, just wanted to share.

-Proncs
thanks for sharing
Balas
What I have been thinking too!
Balas
Proncs blzim
@blzim, Very interesting to say the least! Keeping an eye on it!
Balas
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