ONE of the possible outcome here on XRP. We have Inverted H&S Pattern forming, only if we are going up from here and break the neckline will the pattern be confirmed.
It should not be considered financial or investment advice of any kind. This is only my opinion, make of it what you wish.
It should not be considered financial or investment advice of any kind. This is only my opinion, make of it what you wish.
Trade active:
We still on track, facing resistance now : 55 EMA and Ichimoku cloud, if we break through, it can be seen as a good sign of confirmation. I will still wait for price to be over EMA and cloud, wait for a slight pullback to the resistance to enter a position.
Trade active:
We are now near the 55 EMA acting as resistance, it shouldn't break but bounce of it at the most. In the ichimoku cloud, which we should break out of it for the next leg up. You can also see the bull flag pattern formed with that previous leg up. We are on track with Inverted H&S pattern. To those that took the risk yesterday and entered the trade, congratulations, you can now raise you SL somewhere below the 55 EMA if you wish.
Comment:
PS : Sorry I did not suggest to enter the trade on Trading View, it was on my twitter and Steemit, my bad.
Order cancelled:
Lack of momentum, pattern failed halfway.