The chart says it all, xrp/usd trying to do a reversal via H&S Pattern, if the Neck line is broken we can see xrp heading to 0,09 usd, good luck and be careful.
Im neutral for the moment, for my long positions SL updated to 0,24 usd, please share your thoughts
dude i'm not sure how strong the head and shoulders will hold up. i would look at stochrsi at the 3d or 1w, at those horizons also look at macd, seems to be coming to a convergence so either a big move up or down. technically speaking i don't see down a drop as volume accumulated across all exchanges is fairly steady, so hard to see negative price action , usually negative price action is before decreasing volume then a burst of volume. it looks really similar to the btc chart from 2015 to me as well. so not really entirely sure. would have to keep a stop loss at $0.25 either way.
ZouhairMOUTAANNI
⋅
@zerpcapital, I totally agree with you mate, I am just warning since there is no risk zero ...
I hope the RS will hold until the RSI is totally oversold, have a nice trading buddy.