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botje11
Dec 21, 2018 3:53 AM

XRP Ripple, making an H&S to form a big inverse H&S, Part 2 

XRP / DollarBitfinex

Description

XRP' bulls are feeling good and have been quite strong the past days. Making the inverse H&S is good realistic pattern. In my previous it followed my assumption pretty good with that double bottom bounce, testing the support with a lot of succes. Now the right shoulder for the inverse H&S is a bit small, but it could work though. There is also enough room to make it bigger in time but also in size. At the moment we can see a possible triangle on the left. If that works out, would be very bullish.
We can see 2 other support zones, the lowest one is important. If that one breaks the H&S will become less likely. But for now no reason yet to assume we will drop that much.



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Previous analysis:

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Comments
rigosbox
isabilgic99
Thanks botje amazing as always!
GerbenDeZeeuw
That right shoulder is getting bigger now no?? Looks very promising to me at least. Would you mind updating your idea?
Pluto10
David thx

What news about XRP pls

pjaksa
Any updates?
gav213
@botje11 hows this playing or for you at the moment?
steve93
Thanks good update!
WBM_Team
Is it the beginning of the economic crisis? SP500 below support zone. How will it influence crypto? Our analysis and invitation to an open discussion.
yamchelloo
very nice
franzn
Thanks David for all your hard work.
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