In this chart we have a potential IH&S forming on the 2 HR charts as well in
lower time frames below. Soon we will see if this idea is valid or not, with
the development of the right shoulder. Later I will go into the higher time
frames of XRPUSDT to try and find more reversal signals. Which would help
extend bullishness into XRPBTC pair.
MACD looks bullish about to cross 0 line.
RSI and MACD have some bullish divergences as well.
There is also a converging pattern on the ADX VS MACD which SOMETIMES
marks the beginning of a new uptrend. More often than not it produces a
counter trend rally that produced a partial retracement (decline) of price.
We will have to wait and see.
Remember to set your stop loss!
Stay tuned! Please drop me a like. Thanks!
lower time frames below. Soon we will see if this idea is valid or not, with
the development of the right shoulder. Later I will go into the higher time
frames of XRPUSDT to try and find more reversal signals. Which would help
extend bullishness into XRPBTC pair.
MACD looks bullish about to cross 0 line.
RSI and MACD have some bullish divergences as well.
There is also a converging pattern on the ADX VS MACD which SOMETIMES
marks the beginning of a new uptrend. More often than not it produces a
counter trend rally that produced a partial retracement (decline) of price.
We will have to wait and see.
Remember to set your stop loss!
Stay tuned! Please drop me a like. Thanks!
Comment:
XRP USDT will probably retrace into a inverse head and shoulders pattern before breakout upward!
Comment:
Scalp trade set up! I know it look a little busy but I'm learning. The best part is so far it seems to be working. These are my first few attempts at charting and trading cheers!