XRPUSD
Updated
XRP is in critical zone, not reccomended to enter yet because of:
Huge H&S has been succesfully formed and now the currency is being traded inside a (black) triangle giving us total uncertainty...
If the H&S pattern success... XRP could see old low prices like 16, 9 and 3 cents
On the other side, if it fail, green marks are the targets where price found support and resistances during first half of 2018.
Due fundamental aspects, is more likely to see a pattern failure.
Also, looks like an ABC wave correction has finished in the bottom of the left shoulder, which was also the 9th candle of TD (strong buy signal).
Now price is finding stability and could reverse the trend to start a new 5-0 impulse wave until 1.2 - 2.6 usd.
For last but not less, indicators (MACD, RSI, Stoch and Stoch-RSI) are rising from oversold area, which give us a 4 indicator signal to buy, BUT S.A.R. is suggesting to not buy yet.
So to finish this analysis, XRP has huge potential to make significant changes on next weeks, and the trading strategy should be determined by the triangle, which means: buy above or sell below.
Have a good trade.
Stay in ecuanimity to see the truth.
Love and thriving to all.
SolMar
IG: @SolMar.Traders.
Twitter: @CristoCoins.
Huge H&S has been succesfully formed and now the currency is being traded inside a (black) triangle giving us total uncertainty...
If the H&S pattern success... XRP could see old low prices like 16, 9 and 3 cents
On the other side, if it fail, green marks are the targets where price found support and resistances during first half of 2018.
Due fundamental aspects, is more likely to see a pattern failure.
Also, looks like an ABC wave correction has finished in the bottom of the left shoulder, which was also the 9th candle of TD (strong buy signal).
Now price is finding stability and could reverse the trend to start a new 5-0 impulse wave until 1.2 - 2.6 usd.
For last but not less, indicators (MACD, RSI, Stoch and Stoch-RSI) are rising from oversold area, which give us a 4 indicator signal to buy, BUT S.A.R. is suggesting to not buy yet.
So to finish this analysis, XRP has huge potential to make significant changes on next weeks, and the trading strategy should be determined by the triangle, which means: buy above or sell below.
Have a good trade.
Stay in ecuanimity to see the truth.
Love and thriving to all.
SolMar
IG: @SolMar.Traders.
Twitter: @CristoCoins.
Note
not easy ton beat
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