XRP Forming Double Top, Possible Drop Soon Short

XRP / BitcoinBitstamp

Descrizione

⋅ 4 gen 2018 15:18

XRP seems to be forming a double top and I expect that it will drop some later today.

I'll update later if any changes are made to the formation and what we can expect to see if it doesn't follow pattern.

Commento

⋅ 4 gen 2018 16:32

XRP broke the pattern of the double top and is now on track for forming a head and shoulders. Will update with more info later.

Trade attivo

⋅ 4 gen 2018 18:25

I'm buying at 20K sats as XRP hit just the 0.382 fibonacci line.

Trend Analysis Chart Patterns

Commenti

kkc2003

⋅ 4 gen 2018 15:36

h&s possible as well. watch out!

OrunmilaDjehuti

⋅ 5 gen 2018 15:51

How long does it take for a reversal after a head and shoulders pattern? I'm new to TA.

Mark_Anderson

⋅ 4 gen 2018 16:12

in the wake of upcoming coinbase events this is not going to happen. Though, template is correct)

TTHY

⋅ 4 gen 2018 15:40

well, many will be waiting for it to drop :)

FJ111

⋅ 4 gen 2018 15:27

What's the next support?

anticrypt

⋅ 4 gen 2018 15:31

@FJ111, it's sitting on the 0.5 fib retracement at 20418 sats. The one below that is 19840 sats on the 0.618 retracement.

anticrypt

⋅ 4 gen 2018 15:33

@anticrvpt, sorry my sequence was upside-down. Instead of it being 0.618, it's the 0.382.

Altro