BITSTAMP:XRPUSD   Ripple / Dollar
Can you predict down or up?
I think it'll form a C&H. Handle bottom might be close to 2 then we'll hit back to 2.4 and then rise till 3.
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ramsriever sdernek
@sdernek,

I've a question on the left side of cup formation the volume is supporting, but on the right side, it doesn't.
Do you think it will form C&H pattern? Also to identify a pattern, how many hours should we take into consideration 1Hour or 2 Hours or 4Hours.

I'm here for learning, Can you please help me to understand? Thanks.
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sdernek ramsriever
@ramsriever, Hello, I'm not a pro either but it seems like a good C&H example in 4h chart. Volume is lower on cup's bottom - but I don't think volume should be perfecty symmetrical on cup's sides - if you meant that. Handle is yet to form on the following 1-2 days. Handle will also be matching with the orange support line. So seems possible.
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ramsriever sdernek
@sdernek, Thanks.
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2.5 PUMP AND DOWN TO 1.8
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In my opinion, it will go down till 2.10 or 2.15. Then will continue to 3 USD, at least
+3 Antworten
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