XRPLong
XRP Inverse Head and Shoulders? 1:6 R:R
XRP up here again, this time testing key resistance, the 0.618 retracement (white line) of the last move. In doing so, it seems to have formed an ugly inverse head and shoulders pattern ( bullish ). Who knows? We'll see.
Confirmation signs:
4H candle close above white line
Entry:
Retest of the white line - resistance turn support.
Target:
$0.98 😱(2 confluences: height of the head in the h&s pattern + 1.618 fib extension of last down leg)
Stop loss:
close below $0.52
Confirmation signs:
4H candle close above white line
Entry:
Retest of the white line - resistance turn support.
Target:
$0.98 😱(2 confluences: height of the head in the h&s pattern + 1.618 fib extension of last down leg)
Stop loss:
close below $0.52
Pubblicazioni correlate
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.