Head and shoulders, ichi moku doesnt support it well. Feel a 618 retest at the bear minimum. Lets see, but i dont feel inclined to trade XRP anyway, so may small scalps here and there but overall trend remains bearish to me.
Follow up but with the XRPUSD pair view.
H&S on XRPBTC right now.
Richy-Rich
⋅
Nice.
To me it looks like a falling wedge is forming, and it's testing resistance and forming new supports, with momentum building. Coinbase's news about now supporting it caused it to take a hit, but those who were already invested in Ripple for the long term can see Ripple becoming a solid investment with BTC and ETH.
faithsloan
⋅
@Richy-Rich, Those who are HODLing XRP really don't care what the charts say. Technical Analysis ... Fundamental Analysis.. Eliott Waves... Resistance... Support, etc. They like the coin. They see its value. They are HODLing. Me? I am watching the drama and excitement. I took a seat on the sidelines. No. I dont have any FUD to contribute. :)
Richy-Rich
⋅
@faithsloan, hee hee... I do have XRP, so I guess I'm positively biased! But, I wanted skin in the game so my motivation would me maximized to learn day trading and swing trading as fast as possible. Any suggestions where a newbie should start?
H&S on XRPBTC right now.