MajikAirTrader

Reverse head & shoulder pattern on XRP

Long
Looking for a reversal within the next 24 hrs. If sustained could ignite longer up-trend.

A suitable profit target can be ascertained by measuring the distance between the bottom of the head and the neckline of the pattern and using that same distance to project how far price may move in the direction of the breakout.

Happy Trading


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.