I don't like my charts messy but...

18 июл. 2019 г.

First of all, this is not advice! Just my point of view on the XRP chart right now.

XRP is bullish as I have talked about on almost every TF (look at my other idea's down bellow).

Right now XRP looks like it has completed a clear inverse H&S on the 1h chart! Right now we could be retesting the neckline.

Combined with all of the other bullish factors, would I favor a bullish position to squeeze the shorts.

When you measure the head of the inverse H&S, we should have a target price of .363. This level also correlates with the top to the last high in this consolidation fase.

PS: Keep in mind we can still wick to the orange trend line at any time.

Good luck!

18 июл. 2019 г.

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Bulls tried to breake the neckline of the possible inverse h&s, the bears defended this region well with a fair amount of sell volume.

Right now we are consolidating bellow the neckline.

We still may see a touche of that orange trend line to make bears fomo sell. After that touche and solid bounce, I would be even more confidence on my projections of +.36 USD cents.

18 июл. 2019 г.

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We actually have a neutral triangle right now on the 15m chart.
I wouldn't trade this, but I think we will see a pull back to that orange trend line.
That would be a +-3,5 procent drop.

20 июл. 2019 г.

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Well that trend line is playing out so far in the favor of the BULLS!
The H&S pattern looks to be failing so far with not a explosive break out. I still have my eyes at .35 USD (take a look bellow)

Good luck!

20 июл. 2019 г.

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(this is pure speculation)

We COULD be forming a inverse H&S on a much bigger time frame 4H (who knows?).
Just a thing to keep in mind...