I'm not sure it will play this out,
but 1hr RSI is too weak now to go up anymore
Volume is extremely high at the top
So my imagination give me head and shoulder pattern
I don't know about hardfork but i'm in short position
The a,b,c points are at 0.382, 0.618, 0.618 retracements
Perfect bearish bat pattern formed (1hr candle) + 0.618 retracement (daily candle)
XRP rallied really good up to 0.618 retracement (0.525) in daily candle chart from the previous high (062435).
Now XRP is doing distribution in my opinion in 1hr candle chart and I'm expecting to go down from 0.618 (0.495) ~ 0.886 (0.5157) to all the way down to 0.3 area.
In the 4 hour chart, it is sliding down along with the support while RSI has bullish divergence and MACD crossed at bottom.
It has so much potential at this point, but I worry about Bitcoin drop. If bitcoin doesn't drop, LSK should bounce to the next resistance. Should stop if support breaks.
ETC party has begun and I think it's heading to wave 4 now. I thought it would pull back to 27usd. But it might not and keep going up to 44usd, considering bullish bitcoin condition right now and Callisto airdrop. Let's see
Trying to predict Bitcoins price based on EW counting and Fib numbers. Personally think Bitcoins correction is already done with zigzag and flat combination. So from now on, Bitcoin should regain bullish momentum, but I guess it should be slow at beginning.