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XRP/BTC Completing Latter-Half of A-B-C Correction - Maybe

BITTREX:XRPUSDT   Ripple / Tether
XRP seems to be completing a head-and-shoulders pattern with the left side the completion of a 5-wave             structure and the right side the start of the A-B-C correction. If this is the case, then a measured move gives the C completing at the 78.6 fib, which has been a very common retracement level in crypto this month. 78.6 also has a nice confluence with the 200 EMA . So the key is for it to break below the neckline, which is also the 55 EMA . If this happens, laddering buys in the green zone could give a good entry. If it bounces at the neckline, then we have a truncated C or it could be a running flat, before the start of another impulse moves. Obvioulsy BTC             sets the tone, so keep it in your sights.

** trade at your own risk; this if for education purposes only **
評論: H&S invalidated
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