It's just the idea that XRPUSD can draw a right shoulder (inverted head and shoulders) or retest the upper border of a bull wedge.
Despite the fact that XRP does not show stability and confident bullish strength, subject to pressure from BTCUSD, it can still be in the initial stage of its bullish trend. We also see an increase in volumes.
We also see a significantly increased volume of purchases in pairs XRPBTC.
What can say about hidden accumulation.
Values and zones may be inaccurate, as is the size of the right shoulder, but this possibility exists.
(These are not trade directions, this is just an idea.)
Despite the fact that XRP does not show stability and confident bullish strength, subject to pressure from BTCUSD, it can still be in the initial stage of its bullish trend. We also see an increase in volumes.
We also see a significantly increased volume of purchases in pairs XRPBTC.
What can say about hidden accumulation.
Values and zones may be inaccurate, as is the size of the right shoulder, but this possibility exists.
(These are not trade directions, this is just an idea.)
Comment:
Fast entry into zone of the right shoulder.
Trade active:
We quickly reached red zone of the right shoulder and its lower border. Now it’s important for XRP not to go beyond down 0.20$ otherwise the figure of inverted H&S will not be valid.
Trade closed: target reached