Reversal looking possible after FUD & Mt. Gox dump today.
Bottom looking similar to previous low & reversal - so the 4hr candle needs to close above the previous candle for reversal scenario to start.
RSI bullish
Right shoulder forming on probable H&S. Seems to be also taking the shape of a cup and handle.
Volume also increasing. A lot of volatility here given the speculation surrounding XRP addition to Coinbase. Will be interesting to follow.
Quick update on previous idea.
Still awaiting upside breakout. Thin volume may delay this trade another day or two as the weekend comes to an end in the west.
