XRP/BTC Completing Latter-Half of A-B-C Correction - Maybe

XRP seems to be completing a head-and-shoulders pattern with the left side the completion of a 5-wave structure and the right side the start of the A-B-C correction. If this is the case, then a measured move gives the C completing at the 78.6 fib, which has been a very common retracement level in crypto this month. 78.6 also has a nice confluence with the 200 EMA . So the key is for it to break below the neckline, which is also the 55 EMA . If this happens, laddering buys in the green zone could give a good entry. If it bounces at the neckline, then we have a truncated C or it could be a running flat, before the start of another impulse moves. Obvioulsy BTC sets the tone, so keep it in your sights.

** trade at your own risk; this if for education purposes only **
Comment: H&S invalidated
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out