Updated-with FIB retracement levels.
Comment: Pattern is BROKEN!!!!! It violated 1.414 Closing retracement on the One Minute Chart. I will place entry on next retracement. This could be turning point for XRP
I'm sorry... but this noob / newby is wondering what this bat-like shape means for the possible future?
Reply
ramonbenavides12 PatrickvanDijk
@PatrickvanDijk,

If this pattern holds true there will be a retracement.....However, the 4 hour MACD just crossed.... the first time in a long time. .618 retracement on the daily has hit twice. A J hook pattern formed on the Bolinger Band B......It looks as if there is a reversal coming....there might be consolidation too.
Reply
yozzer ramonbenavides12
@ramonbenavides12, Where's the sell point?
Reply
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