The prices of the # XRP trace yet another bearish flag, which seems to want to push prices towards the lows of the scors month or zone 0,44-0,36 €.
Let’s start immediately with the expose image 1 containing the XRP price chart on timeframe 4h:
Image 1: TradingView – XRP – 2018-05-13 – Timeframe 4h: Bearish Flag
We can see the current bearish flag in black, followed by a decrease in volumes.Already in the previous days a bearish flag had been created, traced in purple, which led to a collapse in prices of around 15%.
We must not underestimate the context, or the #Bitcoin that is pushing down the #ALTCOIN.
In the current situation everything suggests an exit from the market waiting for a better situation. If instead you want to stay inside it would be advisable to insert a stop loss under the bearish flag.