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BillCharison
Nov 19, 2019 8:07 AM

#RIPPLE - Inverse H&S?  

XRP / TetherUSBinance

Description

Perfect picture on #XRP looks like this. However, we all know that H&S pattern works on crypto markets very rarely. More likely, the shoulder bottom will be just broken and the pattern will be invalid. We can see two support levels: $0.24010 and $0.22615, if they stays - pattern keeps valid.

Want to remind you that we can consider inverse H&S pattern actual only after the breakout of the neck line. We enter during breakout or during re-test of the neck line. If this pattern works out - target would be $0.39. Now we should watch the price reaction on the supports.

Comments
zbahadir
I have no expectations for this year.
roeer
@zbahadir, i have!
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