If this is a head and shoulder formation then we first get a bounce back to confirm this formation. Then the target is set at € 0.45.
Comment:
The target was almost reached. I think it wasn't accurete because it was a rough estimation without looking to the 4 hour candle. Anyway, the moment was perfect to get in XRP.
For now we are still above the 9 days ma. The last two candles are opening higher. On the 4 hour there is momentum left for a rise. On daily the RSI is quite high. Lets see how next couple of candle's develop.
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The target was almost reached. I think it wasn't accurete because it was a rough estimation without looking to the 4 hour candle. Anyway, the moment was perfect to get in XRP.
For now we are still above the 9 days ma. The last two candles are opening higher. On the 4 hour there is momentum left for a rise. On daily the RSI is quite high. Lets see how next couple of candle's develop.