XRP - Massive H&S or malicious manipulation?
See chart. If the correlation has been made between crypto and the stock market, we should be on our way up but looking at the chart for most coins including bitcoin doesn't look good.
The 4hr XRP chart shown signs of a reversal with doji candles at the top of the latest upswing from last nights low. Classic sign for a reversal to make us go right back down right?
Normally, I would definitely roll the dice on a short here to complete the massive H&S pattern but theres so much malicious manipulation that we cant really count on technical chart reading.
Until some regulation of the crypto space starts taking place, most of us will continue to be maliciously played and tricked by the manipulators.
Good luck.
The 4hr XRP chart shown signs of a reversal with doji candles at the top of the latest upswing from last nights low. Classic sign for a reversal to make us go right back down right?
Normally, I would definitely roll the dice on a short here to complete the massive H&S pattern but theres so much malicious manipulation that we cant really count on technical chart reading.
Until some regulation of the crypto space starts taking place, most of us will continue to be maliciously played and tricked by the manipulators.
Good luck.
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