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WinVested
Oct 24, 2019 1:24 PM

Right Shoulder Forming... 

XRP / United States DollarCoinbase

Description

Risky play with SWELL right around the corner and all the news about Ripple and XRP recently, BUT it does look like a nice H&S setup that I mentioned earlier this week is taking shape, with plenty of room on the RSI to make it happen. BTC outlook (probable drop to ~6.5k) makes the H&S pattern here stand out to me.

1st TGT (hold until top of right shoulder): $0.2850

2nd TGT (buy at top of previously broken trendline): $0.2350

Expect the drop around Halloween, if it happens.

This is just me talking out loud, not financial advice!

Comment

Watch for possible shoot to $0.30 before crash here ...

Initial target of $0.2850 reached
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