Beautifully formed H&S on XRP, immediately breaking the 1h ichi line - hopefully signalling an end to this short term downtrend. Those looking to re-enter XRP that haven't pulled the trigger yet should strongly consider if it gets a pullback into the 2600-2500 area
تعليق
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Looks like some possible fundamental news coming into play. My profit targets here are 1/3 - ~2800 1/3 - ~3500 1/3 - hold with rising stop (possible 11k according to elliot waves)
on the last 1/3 hold rising stop. is 11K ($.11)? Do you still feel the same about this?
petzergling
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@bornblu1973, Yeah, if we have another impulse wave to go then it is possible it reaches those levels. There is a chance that with technicals and fundamentals colliding if we get some good news with xrp or bad news with btc we see this number hit. It could take a while and I would certainly be unloading most of my position before then.
@ElPoniVengador, Yup, I expected a stronger pullback to the 2500s, this consolidation seems incredibly bullish
TheRichest
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This looks plausable, I'm having the same feeling we might see a pump to the 35 or even more soon. I think someone is keeping the price down for some reason.
petzergling
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@DatNgo, Could take longer than expected if BTC continues to rise, seeing a pattern of a lot of people dumping off alts to chase BTC. If BTC has a major correction due to this withdrawal issue being fixed I think a lot of alts could hit their large targets within a week or two though.