XRPUSD took a hit like every other coin, but it didn´t break it´s trendline. This led us to our new trading pattern, the inverse head and shoulders. The pattern is confirmed on a close above the neckline. At the moment this is our first target (0.226USD).
Happy trading.
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Good news everyone, American Express ist the newest RippleNet Member. I was expecting some movement, but this was a little bit of a suprise.
The 4H Candle closed (0.247USD) above the neckline/ resistance @ 0.226USD. On the 1H Chart it already went back down to 0.226 and bounced twice, which confirms the inverse head and shoulders pattern. Long-term our next target will be 0.296USD (resistance). If XRPUSD breaks through, we could see easily targets @0.39USD; @0.45USD or ever higher. I will update the chart in the next couple days.
Thank you for reading and happy trading!
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I´m a little bit confused, but overall my prediction came true. Not 100% accurate, bit still good. Next Trade is a little bit risky (i think) because it´s hard to tell where xrpusd is going. XRPUSD is orienting itself on the 0.226USD mark (the bounce from our inverse h&s pattern) and is now forming a nice flag. There is a possibilty that it go up to the previous high of about 0.28USD. Worst case: it goes down to 0.21USD.