petzergling

Inverted H&S XRP 1h Breakout

Long
POLONIEX:XRPBTC   XRP / Bitcoin
336 views
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)

Comments

on the last 1/3 hold rising stop. is 11K ($.11)? Do you still feel the same about this?
Reply
petzergling bornblu1973
@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.
Reply
petzergling bornblu1973
Reply
XRP is looking so good to go long :D
Reply
petzergling ElPoniVengador
@ElPoniVengador, Yup, I expected a stronger pullback to the 2500s, this consolidation seems incredibly bullish
Reply
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.
Reply
petzergling TheRichest
@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.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out