tradeformula

Small H&S if price breaks 1.53, possibly back down to $1.

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
I'm long term bullish on XRP, but have some concern that we might not be out of the mud just yet. Could see a smaller H&S pattern developing on the 15m, which might bring us back down to $1. Hope I'm wrong. If we break 1.53, we could meet up with previous bearish trendline .
Comment: Could pick up a bounce at 1.45, lots of open orders around there on Bitstamp.
Comment: Looks to be in an upwards trend at this point- H&S cancelled. Was supported by the 1.45 as I thought it might.
Timeframe? Where do you see it reaching at present? Above 1.60?
Reply
@yozzer, This is the hourly timeframe- if we see a dip beneath 1.53, I think we're breaking bearish. Trading blind at the moment considering we've went sideways between the upwards & downwards trend. Channeling pretty heavily on the strong 1.60 support at the moment.
Reply
tradeformula tradeformula
@tradeformula, Sorry! 15m is this chart. If we don't break within the next 4 hours, it could be a dead move. I hope the H&S doesn't happen, but it is a bit of a concern.
Reply
ferhat8ler tradeformula
@tradeformula, hello how much down from now on ?tnx
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out