XRPUSDAs you can see in the chart, there is a possible Inverse Head & Shoulders Pattern on the Hourly Chart. A move above $0.1943 USD would be required to confirm the patter. If it does, the price target would be around the $0.2070 USD.
freeonlinetradingeducation.com/inverted-head-and-shoulders.html
Also, there is a Positive MACD Divergence, where the indicator is going up, while the price was going down, which is bullish.
I hope you find this interesting and good luck to you
Trade active
We broke the $0.1943 USD level. Inverse Head & Shoulders Pattern confirmed.Minimum target at $0.2070 USD, but we could easily go up the $0.2120 USD level, where the 200 Day Moving Average lies.
Stop at $0.1894 USD.
We broke the neckline, and now, we are testing it back again, all well so far.
Good Luck to You
Trade active
Still active, didn't hit stop, close, but didn't.Trade closed: stop reached
Note
Second try at $0.1908 stop $0.1887Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.