A head and shoulder is in full effect on the 4 hour time frame. We have a mini trendline, if we break (which is very likely) we will see if fall towards 0.66 (our 78.6 fib level). This move would have liquidated the buyers at 0.70. If we see price action reject the 0.66 level, XRP would have produced a higher low. Therefore, from that level I will be long; once we see a candlestick formation/ rejection.
My target (should my analysis be correct) will be sitting around 0.90 level.
I hope this makes sense, please comment below and like.
Enjoy.
My target (should my analysis be correct) will be sitting around 0.90 level.
I hope this makes sense, please comment below and like.
Enjoy.