bilo2000
Long

XRP targeting $0.86 with inverse H&S

BITFINEX:XRPUSD   XRP / U.S. Dollar
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Hi guys,

Looking at the 1h chart, we can see the possibility of the formation of the right shoulder which if formed would also be part of the breakout of the bull flag shown inside the green oval.

The 50 EMA has been acting as resistance but if its overcome, we should see an acceleration to the neckline and hopefully further to the target.

A strong reversal to lower prices at the top of the falling channel would reduce the chances of this idea from materializing.

BTC also needs to push up a little to help push others further up.

Good luck and please hit that like button on your way out.
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