XRP BUMP & RUN REVERSAL PATTERN!

Keep an eye on this XRP possible classic BUMP & RUN PATTERN!

What is Bump and Run Reversal Pattern?!
Phase 1: Lead-in Trendline
The first section of the bump and run reversal is known as the “lead-in” trendline and often forms the handle part of the frying pan shape. This part starts at the beginning of the pattern and it precedes the bump phase.
It has the shape of a relatively shallow trough that falls away from, then back to a downward trend line.
The lead-in represents an uptrend during which the stock price rises normally as would happen with any other stock without any signs of too much speculation. The trend line is steep during this phase.
Phase 2: The Bump
The second phase is known as the bump phase. It is a much larger trough with edges that touch the same downward trend line mentioned above.
During this phase, the price of the stock rises rapidly when compared to the first phase. The trend line of the bump phase tends to become steeper when compared to that of the first phase by nearly 50%.
Phase 3: The Run
The run phase begins when the stock price reaches back to the trend line. Sometimes, the price may break the trend line and then pull back, therefore making it the new resistance level.
THE SPECULATION WAS THE WIN AGAINST SEC!

Volume is essential for the validity of the bump and run pattern. Volume is usually low during the preceding trend. Then it spikes higher once the bump appears on the chart. This helps lift the stock higher, forming the actual bump on the chart.
Chart PatternsTrend Analysis

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