petzergling

Inverted H&S XRP 1h Breakout

Long
petzergling Updated   
POLONIEX:XRPBTC   XRP / Bitcoin
9
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
Comment:
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)
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