RIPPLE (XRP/USD) - Inverted Head and Shoulders!
Updated
Currently, Ripple' makes a breakout from the bullish pattern called "Inverted Head & Shoulders"
If we can break the neckline $0.285 then our next resistance would be the round number at $0.3.
Over the weekend Ripple' breaks above the trendline, which is pulled from the 04.07. It got a bounce after we touched the trendline let's call this a retest. The retest bounce is supported by chart pattern what we mentioned above and currently looks very promising.
It trades above the 50EMA and now over the 100EMA, it's a very positive sign considering the current market situation where we can see a selling pressure.
We try to keep You posted!
Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Best regards!
If we can break the neckline $0.285 then our next resistance would be the round number at $0.3.
Over the weekend Ripple' breaks above the trendline, which is pulled from the 04.07. It got a bounce after we touched the trendline let's call this a retest. The retest bounce is supported by chart pattern what we mentioned above and currently looks very promising.
It trades above the 50EMA and now over the 100EMA, it's a very positive sign considering the current market situation where we can see a selling pressure.
We try to keep You posted!
Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis!
Please, don't forget to hit the LIKE button to support us!
Best regards!
Note
Woww...and it's flying, all is happening very quickly! Now, we are already in the resistance area at $0.3 and 20 min to go to get a 4h candle close above the round number. If we get a close above the round number then it could be mean that we got another leg upwards!Note
Let's see what the current market situation want's to offer us but if we manage to break through from the current area then we have almost 30% free movement upwards, no significant resistance levels before the next round number $0.4, only different timeframes EMA's!Please, don't forget to hit the LIKE button!
Thank You for your support!
Note
It just flies upwards, now we are above the 200EMA!Note
Bullish pattern "Ascending Triangle" so, be ready, if we break upwards we will see another pump upwards!Trade closed: target reached
Just a little bit late but perfect, our main target reached!!
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.