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?
@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.
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.
ferhat8ler tradeformula
@tradeformula, hello how much down from now on ?tnx
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