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!
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!
XRP USDT will probably retrace into a inverse head and shoulders pattern before breakout upward!
Jay3000
⋅
XRP USDT will probably retrace into a inverse head and shoulders pattern before breakout upward!
rprT
⋅
.
rprT
⋅
I like how you ignore all the years of sideways movement.
Jay3000
⋅
@rprT, did you read the first paragraph?! "Later I will go into the higher time frames of XRPUSDT to try and find more reversal signals."
Jay3000
⋅
@rprT, In fact that sideways movement make me even ore bullish! It's like being compressed like a spring!
rprT
⋅
@Jay3000, I'd say go for it if you can flip a $0.04 rise. I'm not bashing but what I'm trying to show is that this in the long run... 4 cents up and down is not bullish... profitable...maybe..? but you have to be like 10k deep at least to see real revenue.
Jay3000
⋅
Here is a 1 Month chart of XRPUSDT that provides large, reliable price movements. Bullish AF!
@rprT, Here you can see the price gaining against BTC just like I indicated it was here.
Check out my other ideas in my publications so far 100%-99% accurate. Thanks!