DrDovetail

XRPBTC has potential for a goldencross if it triggers the invh&s

DrDovetail Updated   
BITTREX:XRPBTC   XRP / Bitcoin
Waiting for confirmation of a breakout from this inv h&s before attempting any sort of long here...the possibility of a fakeout right in his neckline zone is still very good as well so its best to await clear confirmation one way or the other. If it does trigger a bullish breakout of this pattern however it's very likely that we would see a golden cross on the xrpbtc chart not too long afterwards...whether or not that golden cross would be sustained or a fakeout we would have to wait and see. At the moment though the xrpbtc chart has a lot of bullish potential.
Comment:
one thing to note is there is currently a mild amoun of bearish divergence on RSI on the 4hr and 1day charts.
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.