AdrianYong
Long

Ripple XRP Start of an upward trend - H&S

BITSTAMP:XRPUSD   Ripple / Dollar
As I posted earlier in my previous chart which came true. The H&S formation had completed with high volume buyers at approx. $1.
The current trend formed an inverted head and shoulder signaling an potential start of an uptrend. Kindly follow for more updates.
I´m not saying that it wouldn´t go up, but the analysis is wrong.
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None of the shoulders can be lower than the head, this is wrong.

Regards :)
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AdrianYong Pepe0722
@Pepe0722, its an INVERTED head & shoulder :)
+2 Antworten
Pepe0722 AdrianYong
@AdrianYong, I know, but not matter the direction of the H&S, none of the shoulders can be bigger than the head, the head must be the one that has the highest or lowest price (depending on if it is a normal or inverted H&S) of the pattern, otherwise, it is not a H&S pattern.
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AdrianYong Pepe0722
@Pepe0722, ok then lets make it a triple bottom then :)
Anyway it may be the start of an uptrend
+1 Antworten
Pepe0722 AdrianYong
@AdrianYong, Yeah, it is more accurate :). Thought the same, this week is bullish for xrp
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ferhat8ler Pepe0722
@Pepe0722, waiting for chneese holiday finish and it will be start going up faster am correct ?
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AdrianYong ferhat8ler
@ferhat8ler, patience is the key. Hold for long and this will reward you.
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