XRP has broken out of it's long term Falling Wedge. The Bollinger Bands are also getting extremely tight. Hoping for a big move over the next week. Target points have been added to the chart and have been identified through a Fib retracement.
TP 1 - 0.38215
TP 2 - 0.46200
TP 3 - 0.52654
TP 4 - 0.59108
TP 5 - 0.68296
TP 6 - 0.80
Please don't hesitate to provide...
Information obtained from Investopedia:
What Is A Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend...
Hey guys, first chart so go easy ;). This is just an idea but maybe we might see a double top at around 0.0012843? maybe a little higher?
It's already quite high so it's risky but for those who are in, I hope it works out for you/me :)
Any suggestions/help and constructive criticism would be greatly appreciated.