XRP might start the h&s patterns right shoulder !?
Hi,
XRP might not be the most loved crypto, but there are some fundamentals that might be interesting.
longterm there is a massive h&s pattern that aims to two fib areas.
Idiea is selfexplaining.
target between 17500 to 19000
Ad we see a very long time range in forming that head and shoulders we probably see a comparable timerange to form the right shoulder to the neckline.
If Neckline breaks i would bet, whales will confirm fast and then there should be a good entry point, for everybody who trades supersafe.
good luck folks !
XRP might not be the most loved crypto, but there are some fundamentals that might be interesting.
longterm there is a massive h&s pattern that aims to two fib areas.
Idiea is selfexplaining.
target between 17500 to 19000
Ad we see a very long time range in forming that head and shoulders we probably see a comparable timerange to form the right shoulder to the neckline.
If Neckline breaks i would bet, whales will confirm fast and then there should be a good entry point, for everybody who trades supersafe.
good luck folks !
Note
give attention to the daily bullish divergence on left shoulder and head that startet the pattern moves, to be 100% confirmed wait for the bull. div. on the right shoulder too, to get in. even then profit is massive above 100% ...Have no fear rairy is hear ^^
Note
neckline broke, didnt means that the h&s isnt still legit. h&s in rare cases are super geometrical. XRP showing some signs of life in the area we arrived here...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.