Hello traders,
Here we see XRP on the 4 hour chart. with a now already confirmed head shoulder pattern. The neckline was re-tested and so the target for the H-S pattern is 0.56 USD.
If BTC drops fast ALT coins are going to drop many times faster so place good stop.
Going long in a downtrend gives a lot of risk but can also bring quick profits. Personally I prefer to go with the trend rather than trade against it.
Exceptions are exceptional panic with a super high volume spike but to go long reliably requires confirmation and a structure.