Watch out! Possible H&S on XRP chart .. Possible next leg down..
Updated
To everybody hoping XRP will pump any minute/hour/day (like myself), please be aware of a possible Head & Shoulders that recently developed on the charts.... I'm not sure that it will play out, at all, I'm just saying: be aware of a possible next (and hopefully final) leg down to retest our local bottom of around .4400 to .4500. Whether or not we'll see this H&S play out primarily depends on Bitcoin's behaviour, as always...
This is by no means any sort of trading advise, as I am usually wrong!! :-)
This is by no means any sort of trading advise, as I am usually wrong!! :-)
Note
Well.. Looks like the H&S didn't play out. Hopefully the current consolidation will break-out to the upside and we can see some nice upwards movement.Note
While it took quite a bit longer than expected, the target was hit pretty much to the dollar cent... I have to admit that at one point during this trade, it looked like the H&S wouldn't play out and the price would just move up... In the end, I guess it kinda did play out.. Hopefully, after this bounce, we can start to look up again, moving forward, but we're definitely not out of the woods, just yet!
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