Possible Inverse Head & Shoulders Pattern on XRP

XRPUSD

As you can see in the chart, there is a possible Inverse Head & Shoulders Pattern on the Hourly Chart. A move above $0.1943 USD would be required to confirm the patter. If it does, the price target would be around the $0.2070 USD.

www.freeonlinetradin...d-and-shoulders.html

Also, there is a Positive MACD Divergence, where the indicator is going up, while the price was going down, which is bullish.

I hope you find this interesting and good luck to you

Trade active:

We broke the $0.1943 USD level. Inverse Head & Shoulders Pattern confirmed.

Minimum target at $0.2070 USD, but we could easily go up the $0.2120 USD level, where the 200 Day Moving Average lies.

Stop at $0.1894 USD.

We broke the neckline, and now, we are testing it back again, all well so far.

Good Luck to You

Trade active:

Still active, didn't hit stop, close, but didn't.

Trade closed: stop reached

Comment:

Second try at $0.1908 stop $0.1887

Trade closed: stop reached