Hello Traders,
I have been locating a nice reversal pattern in Ripple.
Ripple broke the important falling trendline to the upside.
But the more important thing is that it has been forming an inverse head and shoulders. Once it breaks the neckline I am expecting more upside to around 0.68 areas.
This view will be valid once it breaks the neckline. Invalidation level for this view will be the right shoulder low. If this breaks lower it can keep extending lower and this view will be invalid.
Hope this helps.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
I have been locating a nice reversal pattern in Ripple.
Ripple broke the important falling trendline to the upside.
But the more important thing is that it has been forming an inverse head and shoulders. Once it breaks the neckline I am expecting more upside to around 0.68 areas.
This view will be valid once it breaks the neckline. Invalidation level for this view will be the right shoulder low. If this breaks lower it can keep extending lower and this view will be invalid.
Hope this helps.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
ملاحظة
Perfect hit, lets see whether we get a pullback now 
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.