XRP/USDT is forming an inverse head and shoulders.
It broke its trendline and it PB righ into that left shoulder . If it get support from this zone and broke neck line H&S pattern will complete and I expect easy 50%.
It has also suport of 0.618 Fibbo Retracement.
You can buy right here with tight Stop-loss and decent R:R. R:R of this trade is 9.
Or you can wait for confirmation and buy after it breaks neckline. Or maybe buy in pieces.
Overall this is a high quality trade.
Everything is lined up.
Entry: 0.90-0.94
Targets:
1) 1.1
2) 1.21
3) 1.35
4) 1.6
It broke its trendline and it PB righ into that left shoulder . If it get support from this zone and broke neck line H&S pattern will complete and I expect easy 50%.
It has also suport of 0.618 Fibbo Retracement.
You can buy right here with tight Stop-loss and decent R:R. R:R of this trade is 9.
Or you can wait for confirmation and buy after it breaks neckline. Or maybe buy in pieces.
Overall this is a high quality trade.
Everything is lined up.
Entry: 0.90-0.94
Targets:
1) 1.1
2) 1.21
3) 1.35
4) 1.6