Well, well, well. What have we here? Ripple is already breaking down. You can check my notorious "Will Ripple Crash To ZERO?" analysis, I didn't MOVE the measurements. You guys still think that's not a "relevant" head and shoulders
pattern? It's breaking the neckline at the EXACT place where I placed the breakdown bar. LOL Why do people doubt my analyses, when they're so accurate? I mean, look on the chart where I posted the "Don't Say I didn't Warn You" post, and see what has happened since then. They're just blinded by emotion, I suppose. Ok let's assess what's happening here. Ripple is clearly breaking the neckline, and it has already taken out the 200 EMA
(in purple.) As you can see, it's now trying to penetrate the top trendline
, on the falling parallel channel
. Look for XRP to drop to the 61.8% retrace, around $1.40. Let's see what the naysayers have to say now. =D
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***