I am bullish on XRP as a stake holder - but I can't deny what I see in the charts.
XRP as I have predicted in previous analysis moved up to the .50 mark after flirting with lows around .42
It appears we are forming a head on an H&S pattern. We wont know until we have confirmation on the right side - but if you are looking to short the trade you should be looking to sell soon and hold at least until we begin banding around .45
There is a possibility that we drop to .43 before we make a more convincing run and break through .50.
I don't expect this pattern to hold more than a few days as weekend traders will likely push it along.
It's still a great time to take a position in XRP - and if the price drop does happen as predicted - XRP will be an even better deal ~.45
Those of you in for the long haul - keep holding!
XRP as I have predicted in previous analysis moved up to the .50 mark after flirting with lows around .42
It appears we are forming a head on an H&S pattern. We wont know until we have confirmation on the right side - but if you are looking to short the trade you should be looking to sell soon and hold at least until we begin banding around .45
There is a possibility that we drop to .43 before we make a more convincing run and break through .50.
I don't expect this pattern to hold more than a few days as weekend traders will likely push it along.
It's still a great time to take a position in XRP - and if the price drop does happen as predicted - XRP will be an even better deal ~.45
Those of you in for the long haul - keep holding!