XRP - inverted head and shoulders
Hey guys,
Xrp had a nice rise in price recently.
Now there is a nice pattern forming, the inverted head & shoulders.
Price of left shoulder is 20cents which is historical support.
Together with 0,5 retracement and the 50ma close to this level it is a good entry point where right shoulder can be formed.
Neckline is 0.233 which is also monthly resistance so it is a strong resistance, because of this best thing to do is sell at this level for 16% profit.
In case of breakout of this level we could make entry again, will update this post in case it will.
Entry price : 20cents
Take profit : 23.3cents
Thumbs up if you found this ta usefull :)
Xrp had a nice rise in price recently.
Now there is a nice pattern forming, the inverted head & shoulders.
Price of left shoulder is 20cents which is historical support.
Together with 0,5 retracement and the 50ma close to this level it is a good entry point where right shoulder can be formed.
Neckline is 0.233 which is also monthly resistance so it is a strong resistance, because of this best thing to do is sell at this level for 16% profit.
In case of breakout of this level we could make entry again, will update this post in case it will.
Entry price : 20cents
Take profit : 23.3cents
Thumbs up if you found this ta usefull :)
ملاحظة
Changed entry to 19,4cملاحظة
Found this wedge on the 1HR chart so if price manages to reach 20cents in next few hours i will make entry there instead of the previously mentioned 19,4c. Also, rsi nearly oversold on 1hr ;)
تم إغلاق الصفقة يدويًا
sell for 9%
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