Watching: Potential Head and Shoulders on XRP 12H
Lower volume on the head than the left shoulder, then lower volume on the right shoulder than the head. Neckline slanted up, though not certain yet. Need another 1-3 12H candles to confirm, and seeing a candle close below the neckline would be proof in the pudding. Right now its still possible we see a rally and a continuation of the recent uptrend (would want to see a clear break above the left shoulder to mark this), and even if this is a head and shoulder we could see a return to ~19k (height of left shoulder) before the eventual drop.
Too early to tell just yet, so I'm personally not selling, but will be watching closely over the next 24-36 hours.
Too early to tell just yet, so I'm personally not selling, but will be watching closely over the next 24-36 hours.
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