Ripple about to make waves
This is the log usd chart.
The duration of this sideways move is about exactly the same as the move that took place through most of the month of April, before it shot up from 3 cents to 40 cents.
This reminds me of the move in Ethereum that was sideways for the entire month of April, around the $50 price, before it rocketed up to 100 in short order, and eventually hit the 340 it is just a month and change later.
The chart priced in bitcoin is about the same, except the "sideways" move is now a slow downtrend. These flags typically indicate the previous trend will continue. We also got about a 2/3 retrace off of the big up move, which is bullish.
If you make it a linear scale it's pretty much the same story, but the peaks don't match up quite as perfectly.
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I'm holding some ripple at the moment in anticipation of it doing something.
After studying this, I think it's the ripple bitcoin cross that's dominating the chart, not the ripple-usd cross. However, the ripple USD cross goes along with it pretty well.