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
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.