TradingView
idontknowwhat
May 6, 2017 6:32 AM

Ripple cup & handle? Long

XRP / BitcoinPoloniex

Description

Cup and handle most likely forming, if not then I expect the h&s to push it down to the last trendline. I'm long.

If XRP forms a c&h and breaks out of the top trendline, then expect STRBTC to follow also.

Disclaimer: sorry for my poor usage of drawing tools. It's my first chart.

Trade active

Looks like it's following the h&s down to the last trendline. Watch carefully, if it breaks the trendline, I am out.

Trade closed manually

I'm out. Unfortunately we broke the blue trendline, I expect it to land at the last trendline in the upper 5000's but I'm not sure right now due to overall market conditions.
More