sasha_morozov

Possible inverse Head&Shoulders forming (Ripple)

sasha_morozov מעודכן   
KRAKEN:XRPUSD   XRP
Based on the daily timeframe, you can see that the Stochastic RSI is in a downward movement. Also MACD histogram confirms downtrend.
הערה:

Based on a 4-hour Poloniex chart (Kraken was added not so long ago and not seen the whole situation) the price almost touched 0.382 fib and, apparently, rebounded. This is also confirmed by the upward movement of Stochastic RSI. But the figure is not finished and the market is very unstable. Be careful.
הערה:

The market could not break the uptrend line and probably we'll see an upward movement. This is also confirmed by the MACD histogram.
הערה:

Ripple broke the uptrend line and 0.382 fib. Probably drop to 0.236 fib and rebound upward. If the market breaks down and this level of support, then the drop will be to 0.14 - 0.12 minimum.

The drop is confirmed by Stochastic RSI and MACD.
הערה:

Apparently, the market rebounded from 0.236 fib and broke through the local downtrend line. Probably we'll see an upward movement, which is confirmed by RSI and MACD. The price should break through 0.20 to make the figure complete.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.