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tjwolkan

XRP head and shoulders pattern. Going down again ?

XRP (BITSTAMP:XRPUSD)  
tjwolkan  
BITSTAMP:XRPUSD   XRP
Trend Analysis
4
4
trendanalysis
XRP bearish trend continues. When we look at the 4H chart, clearly we can see head and shoulders pattern occuring.
After completing this pattern, we might see another down trend if it breaks the major support at 1.60.
Also we should follow up the 200 EMA (black one) line for the positions.
Lets wait and see!
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