anticrvpt
Short

XRP Forming Double Top, Possible Drop Soon

BITSTAMP:XRPBTC   Ripple / Bitcoin
XRP seems to be forming a double top and I expect that it will drop some later today.

I'll update later if any changes are made to the formation and what we can expect to see if it doesn't follow pattern.
Comment: XRP broke the pattern of the double top and is now on track for forming a head and shoulders. Will update with more info later.
Trade active: I'm buying at 20K sats as XRP hit just the 0.382 fibonacci line.
How long does it take for a reversal after a head and shoulders pattern? I'm new to TA.
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in the wake of upcoming coinbase events this is not going to happen. Though, template is correct)
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well, many will be waiting for it to drop :)
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h&s possible as well. watch out!
+1 Reply
What's the next support?
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@FJ111, it's sitting on the 0.5 fib retracement at 20418 sats. The one below that is 19840 sats on the 0.618 retracement.
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anticrvpt anticrvpt
@anticrvpt, sorry my sequence was upside-down. Instead of it being 0.618, it's the 0.382.
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