In this chart we have a potential IH&S forming on the 2 HR charts as well in
lower time frames below. Soon we will see if this idea is valid or not, with
the development of the right shoulder. Later I will go into the higher time
frames of XRPUSDT to try and find more reversal signals. Which would help
extend bullishness into XRPBTC pair.
MACD looks bullish about to cross 0 line.
RSI and MACD have some bullish divergences as well.
There is also a converging pattern on the ADX VS MACD which SOMETIMES
marks the beginning of a new uptrend. More often than not it produces a
counter trend rally that produced a partial retracement (decline) of price.
We will have to wait and see.
Remember to set your stop loss!
Stay tuned! Please drop me a like. Thanks!
lower time frames below. Soon we will see if this idea is valid or not, with
the development of the right shoulder. Later I will go into the higher time
frames of XRPUSDT to try and find more reversal signals. Which would help
extend bullishness into XRPBTC pair.
MACD looks bullish about to cross 0 line.
RSI and MACD have some bullish divergences as well.
There is also a converging pattern on the ADX VS MACD which SOMETIMES
marks the beginning of a new uptrend. More often than not it produces a
counter trend rally that produced a partial retracement (decline) of price.
We will have to wait and see.
Remember to set your stop loss!
Stay tuned! Please drop me a like. Thanks!
Note
XRP USDT will probably retrace into a inverse head and shoulders pattern before breakout upward!Note
Scalp trade set up! I know it look a little busy but I'm learning. The best part is so far it seems to be working. These are my first few attempts at charting and trading cheers! 
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.
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.