Found this possible head and shoulders on XRP. Indicating a possible drop to around .2414 level.
**NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making trading decisions. I practice what I have learned here. Likes are welcomed.
It went down due to the fall of BTC, not because the head and shoulder.
On the other hand, now is the time to buy BIG amount of XRP
fernx
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@ronvat, correlation is there. But, I agree. Time to buy !! Thanks for your comment.
guystyles
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If you think it's going to drop, why are you going long?
It looks to me like it broke through resistance, tested support at that level, and is now retesting that same support line.
fernx
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@guystyles, you were saying? Long because its part of a long analysis. I failed to change the setting to short. As I wrote on my comment, I am learning TA. However, It doesn't matter now, does it? As you can see the whole market dropped including XRP, but thank you for the comment.
On the other hand, now is the time to buy BIG amount of XRP